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, carbon-carbon bond formation, and other stereospecific processes. Its sterically demanding and electron-rich structure enhances selectivity and efficiency in producing chiral molecules, which are crucial in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its application extends to the development of advanced materials and catalysts for organic synthesis, where precise control over stereochemistry is essential.