This chemical is primarily used as a ligand in transition metal catalysis, particularly in asymmetric synthesis and cross-coupling reactions. Its unique steric and electronic properties make it highly effective in facilitating challenging transformations, such as the formation of carbon-carbon and carbon-heteroatom bonds. It is often employed in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, where high selectivity and efficiency are crucial. Additionally, its stability under various reaction conditions allows for its use in a wide range of catalytic processes, enhancing the overall yield and purity of the desired products.