This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in the production of chiral molecules. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the formation of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. Its application extends to the development of asymmetric hydrogenation processes, where it enhances the selectivity and efficiency of the reaction. Additionally, it is employed in the synthesis of complex organic molecules, contributing to the advancement of medicinal chemistry and drug discovery.