This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its unique structure allows it to coordinate with metal centers, forming complexes that facilitate the production of chiral molecules with high optical purity. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other transition metal-catalyzed processes. The compound’s effectiveness in inducing chirality makes it valuable in the pharmaceutical industry for synthesizing enantiomerically pure drugs and intermediates. Additionally, it finds application in academic research for developing new catalytic methodologies and studying stereochemical outcomes in organic reactions.