This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a significant role in facilitating enantioselective transformations, such as hydrogenation, alkylation, and cyclopropanation, where high stereochemical control is required. Its application extends to the production of pharmaceuticals and fine chemicals, where the creation of specific enantiomers is crucial for biological activity. Additionally, it is employed in research and development to explore novel catalytic processes and optimize reaction conditions for improved selectivity and yield.