This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce enantiomerically pure compounds, which are essential in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Its robust structure and ability to induce high enantioselectivity make it valuable in the development of drugs, agrochemicals, and fine chemicals. Additionally, it is used in academic and industrial research to explore new catalytic methodologies and optimize existing synthetic routes.