This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the preparation of fine chemicals and specialty materials, where precise control over stereochemistry is essential. Its robust structure and ability to induce high stereoselectivity make it a valuable tool in organic synthesis for achieving complex molecular architectures with desired chiral properties.