This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a crucial role in facilitating reactions such as hydrogenation, cyclopropanation, and allylic alkylation, where high enantiomeric purity is desired. Its unique structure, featuring multiple stereocenters and aromatic groups, allows it to effectively induce chirality in the resulting products. This makes it valuable in the pharmaceutical industry for the production of optically active compounds, including active pharmaceutical ingredients (APIs). Additionally, it is employed in academic research to develop new catalytic methodologies and explore stereochemical outcomes in organic transformations.