This chemical is primarily used as a ligand in transition metal catalysis, particularly in asymmetric synthesis and cross-coupling reactions. It facilitates the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Its robust structure and electron-donating properties enhance the efficiency and selectivity of catalytic processes, such as hydrogenation, carbon-carbon bond formation, and olefin metathesis. Additionally, it is employed in the development of advanced materials and coordination chemistry research, where precise control over molecular interactions is critical.