This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of chiral molecules with high optical purity. Its application is prominent in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) where specific enantiomers are required for efficacy and safety. Additionally, it is employed in academic and industrial research for developing new catalytic processes and optimizing existing ones, contributing to advancements in synthetic organic chemistry.