This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic hydrogenation reactions. It plays a crucial role in the production of enantiomerically pure compounds, which are essential in the pharmaceutical industry for creating drugs with specific biological activities. The ligand's ability to induce high enantioselectivity makes it valuable in synthesizing complex molecules, such as active pharmaceutical ingredients (APIs), with precise stereochemistry. Additionally, it is employed in the development of advanced materials and fine chemicals, where controlling the stereochemistry of the final product is critical for performance and functionality.