This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a significant role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is critical in the synthesis of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is essential. The ligand's structure, with its electron-rich and sterically demanding groups, enhances selectivity and efficiency in catalytic processes, making it valuable in producing chiral intermediates and active pharmaceutical ingredients (APIs).