This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation or carbon-carbon bond formation, to produce optically active compounds. Its ability to induce high enantiomeric excess makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it serves as a resolving agent for separating racemic mixtures into their individual enantiomers, enhancing the efficiency of producing chiral molecules. Its robust structure and stereochemical control make it a preferred choice in advanced organic synthesis methodologies.