This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and allylic substitution reactions. Its sterically demanding and electron-rich structure enhances the selectivity and efficiency of the catalytic process, making it valuable in the synthesis of chiral intermediates for pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials and organic compounds with specific stereochemical requirements.