This compound is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its sterically hindered and electron-rich structure enhances selectivity and efficiency in producing chiral molecules, making it valuable in pharmaceutical synthesis for creating enantiopure drugs. Additionally, it is employed in academic and industrial research to develop new catalytic processes for fine chemical production.