This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other organometallic reactions. Its application is significant in the pharmaceutical industry, where it aids in the production of enantiomerically pure compounds, which are essential for developing drugs with specific biological activities. Additionally, it is employed in academic research to explore new catalytic processes and improve the efficiency of existing methods. Its unique structure allows for fine-tuning of catalytic systems, enhancing selectivity and yield in complex synthetic pathways.