This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its sterically demanding and electron-rich structure enhances selectivity and efficiency in producing chiral molecules, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. The ligand's ability to induce high enantiomeric excess in products is critical for the development of optically active compounds with specific biological or functional properties.