This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in organic synthesis. It plays a significant role in facilitating enantioselective reactions, such as hydrogenation, carbon-carbon bond formation, and other transformations where high stereocontrol is required. Its unique structure enables it to coordinate with metal centers, enhancing the selectivity and efficiency of catalytic processes. This makes it valuable in the pharmaceutical industry for the synthesis of chiral drugs and intermediates, where achieving specific enantiomers is crucial for biological activity. Additionally, it is employed in academic research to develop new methodologies in asymmetric synthesis.