This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of chiral molecules with high optical purity. Its application is prominent in the pharmaceutical industry, where it aids in the synthesis of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise control over stereochemistry is essential. Its robust structure and ability to coordinate with metals make it a valuable tool in organic synthesis and industrial processes requiring high selectivity.