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 metal-catalyzed transformations, such as hydrogenation, to produce optically active compounds with high efficiency and selectivity. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where the precise control of stereochemistry is essential for efficacy and safety. Additionally, it is used in academic and industrial research to develop new methodologies for asymmetric catalysis, contributing to advancements in organic synthesis.