This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is significant in the pharmaceutical industry, where it helps produce chiral intermediates for active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it is employed in academic research to develop new methodologies for asymmetric catalysis, contributing to advancements in synthetic organic chemistry.