This compound is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions such as cross-coupling and hydrogenation. It plays a crucial role in enantioselective synthesis, enabling the production of chiral molecules with high optical purity. Its application is significant 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 academic research to develop new catalytic methodologies and explore complex organic transformations, including carbon-carbon and carbon-heteroatom bond formations. The compound’s unique structure and stereochemical properties make it a valuable tool for achieving precise control over reaction outcomes in synthetic chemistry.