This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of carbon-carbon and carbon-heteroatom bonds, enhancing the efficiency and selectivity of the process. Its unique structure allows it to coordinate effectively with transition metals, making it valuable in asymmetric hydrogenation and other stereospecific transformations. Additionally, it finds application in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals, where precise control over stereochemistry is essential. Its role in these processes contributes to the development of more efficient and sustainable synthetic routes.