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 application is crucial in the synthesis of chiral intermediates for pharmaceuticals, agrochemicals, and fine chemicals, where achieving high enantiomeric purity is essential. The compound’s robust structure and stereochemical control make it a valuable tool in organic synthesis for producing optically active compounds with high selectivity.