This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure allows it to induce chirality in products, making it valuable in the synthesis of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other stereoselective transformations. The compound’s stability and efficiency in creating chiral environments make it a preferred choice for researchers developing advanced synthetic methodologies.