This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is significant in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where high enantiomeric purity is essential. The sterically hindered and electron-rich structure of the ligand enhances its ability to induce high selectivity and efficiency in catalytic processes, making it a valuable tool in organic synthesis and industrial applications.