This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce chiral molecules with high enantiomeric purity. Its unique structure allows for effective coordination with metal centers, enhancing the selectivity and efficiency of the reaction. This makes it valuable in the pharmaceutical industry for synthesizing enantiopure drugs and intermediates. Additionally, it finds use in academic research for developing new asymmetric catalytic methodologies.