This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in reactions where high enantioselectivity is required. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where the precise control of stereochemistry is crucial. The compound’s unique structure allows it to effectively coordinate with metal centers, enhancing the selectivity and efficiency of catalytic processes such as hydrogenation, cross-coupling, and carbon-carbon bond formation. Its application is especially valuable in producing enantiomerically pure compounds, which are essential in drug development and other high-precision chemical industries.