This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, allylation, and other transition metal-catalyzed processes. Its unique stereochemical properties enable the induction of high enantioselectivity, making it valuable in the production of optically active compounds, which are crucial in pharmaceuticals and fine chemicals. Additionally, it finds application in the development of chiral catalysts for organic transformations, enhancing the efficiency and selectivity of synthetic routes. Its role in asymmetric catalysis contributes to the synthesis of complex molecules with precise stereochemistry, aiding in drug discovery and material science.