This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, cyclopropanation, and other carbon-carbon bond-forming reactions. Its structure allows it to coordinate effectively with transition metals, enhancing the selectivity and efficiency of the catalytic process. This makes it valuable in the production of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is essential. Additionally, it is employed in academic research to develop new methodologies in organic synthesis.