This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in facilitating the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for developing drugs with specific desired activities. Its unique structure allows for high selectivity and efficiency in these catalytic processes, making it a valuable tool in synthetic organic chemistry. Additionally, it is employed in the synthesis of complex organic molecules, where precise control over stereochemistry is required.