This compound 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 optical purity. Its application is significant in the pharmaceutical industry for the synthesis of enantiomerically pure drugs, where the specific spatial arrangement of atoms can greatly influence the drug's efficacy and safety. Additionally, it finds use in the preparation of fine chemicals and agrochemicals, where precise control over stereochemistry is essential for desired biological activity.