This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral compounds. It serves as a ligand in transition metal-catalyzed reactions, enhancing the efficiency and selectivity of processes such as hydrogenation, cross-coupling, and carbon-carbon bond formation. Its unique structure, featuring a phosphino group and a chiral center, makes it highly effective in producing enantiomerically pure products, which are crucial in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs). Additionally, it finds applications in the preparation of fine chemicals and advanced materials, where precise stereochemical control is required.