This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other synthetic processes where high enantiomeric purity is desired. Its sterically demanding and electron-rich structure enhances the selectivity and efficiency of catalytic systems, making it valuable in the synthesis of pharmaceuticals, fine chemicals, and agrochemicals. Additionally, its methoxy groups contribute to improved solubility and stability in various reaction conditions, broadening its applicability in organic synthesis.