This compound is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for drug development. Its structure allows for high selectivity and efficiency in reactions such as hydrogenation, carbon-carbon bond formation, and other transformations that require precise stereochemical control. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and active pharmaceutical ingredients, where maintaining chirality is essential for biological activity.