This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, carbon-carbon bond formation, and oxidation processes. Its unique structure allows it to induce high enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals where specific stereochemistry is crucial. Additionally, it is employed in the development of chiral catalysts for organic transformations, enhancing the efficiency and selectivity of reactions in research and industrial settings.