This chemical is primarily utilized in asymmetric synthesis, particularly in catalytic processes where it acts as a ligand. It is highly effective in facilitating enantioselective hydrogenation reactions, which are crucial for producing chiral compounds in the pharmaceutical and fine chemical industries. Its unique structure allows for precise control over the stereochemistry of the resulting products, making it valuable in the synthesis of complex molecules with high enantiomeric purity. Additionally, it finds application in the development of advanced materials and catalysts for organic transformations, enhancing efficiency and selectivity in chemical processes.