This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its highly sterically hindered and electron-rich structure makes it effective in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and allylic substitution reactions. The ligand's ability to induce high enantiomeric excess in the formation of chiral compounds is valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Its application is especially prominent in the production of optically active intermediates, contributing to the development of drugs with specific stereochemical requirements.