This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in the synthesis of enantiomerically pure compounds. It is highly effective in transition metal-catalyzed reactions, such as hydrogenation, where it helps produce chiral molecules with high enantioselectivity. Its application is crucial in the pharmaceutical industry for the production of active pharmaceutical ingredients (APIs) with specific stereochemistry. Additionally, it is employed in organic synthesis to create complex molecules with precise chiral centers, which are essential for developing drugs, agrochemicals, and fine chemicals. Its unique structure and stereochemistry make it a valuable tool for achieving high selectivity and efficiency in catalytic processes.