This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, allylic alkylation, and cross-coupling reactions, which are essential in the synthesis of pharmaceuticals and fine chemicals. Its ability to induce high enantioselectivity makes it valuable in producing optically active compounds with specific stereochemistry. Additionally, it is employed in academic and industrial research to develop new catalytic processes and optimize existing ones for improved efficiency and selectivity.