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, where it helps produce chiral molecules with high selectivity. Its application is significant in the pharmaceutical industry for synthesizing enantiomerically pure compounds, which are essential for active pharmaceutical ingredients (APIs). Additionally, it is employed in organic chemistry research to develop new catalytic processes and optimize existing ones for improved efficiency and selectivity.