This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enabling the synthesis of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application is prominent in hydrogenation, carbon-carbon bond formation, and other stereoselective transformations, where high enantioselectivity and yield are required. Additionally, it is employed in research and development to explore new catalytic processes and optimize existing ones for industrial applications.