This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and carbon-carbon bond formation, enabling the synthesis of optically active compounds. Its application is significant in the pharmaceutical industry, where it aids in the production of chiral drugs and intermediates with high enantiomeric purity. Additionally, it is employed in academic and industrial research to develop novel catalytic processes and optimize reaction efficiencies.