This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in enantioselective hydrogenation, a process crucial for producing chiral molecules in pharmaceuticals and fine chemicals. Its unique structure allows for precise control over the stereochemistry of the reaction, enabling the synthesis of enantiomerically pure compounds. Additionally, it is employed in cross-coupling reactions and other transformations where high selectivity and efficiency are required. Its application extends to the development of advanced materials and agrochemicals, where chiral specificity is essential.