This compound is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is effective in facilitating the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its sterically hindered structure enhances selectivity and stability in metal-catalyzed reactions, such as hydrogenation, oxidation, and C-C bond formation. Additionally, it is employed in the development of chiral catalysts for industrial processes, contributing to the efficient synthesis of optically active compounds.