This chemical is primarily utilized in the field of asymmetric synthesis and catalysis, particularly in the development of chiral ligands. Its unique structure makes it highly effective in facilitating enantioselective reactions, which are crucial for producing optically active compounds in pharmaceuticals and fine chemicals. The compound is often employed in transition metal-catalyzed processes, such as hydrogenation, where it enhances the selectivity and efficiency of the reaction. Additionally, it finds application in the synthesis of complex organic molecules, where its stereochemical properties help control the spatial arrangement of atoms, leading to the desired chiral products. Its use is particularly prominent in the production of active pharmaceutical ingredients (APIs) that require high enantiomeric purity.