This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure enables it to induce high enantioselectivity, making it valuable in the synthesis of chiral molecules, which are crucial in pharmaceuticals and fine chemicals. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other stereoselective transformations. The compound’s effectiveness in controlling the stereochemistry of reactions makes it a key tool in the production of enantiomerically pure compounds, which are essential for drug development and advanced material synthesis.