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 transition metal-catalyzed processes, such as hydrogenation, to produce optically active compounds with high enantiomeric purity. Its unique structure allows it to effectively control the stereochemistry of the reaction, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it can be used in the development of chiral catalysts for organic transformations, enhancing the efficiency and selectivity of complex synthetic pathways.