This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral compounds. It serves as a key ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure substances, which are crucial in pharmaceuticals, agrochemicals, and fine chemicals. Its unique steric and electronic properties enhance the selectivity and efficiency of catalytic processes, such as hydrogenation, carbon-carbon bond formation, and other enantioselective transformations. Additionally, it is employed in the development of advanced materials and polymers, where precise control over molecular architecture is required.