This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of optically active compounds with high selectivity. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where the specific spatial arrangement of atoms can greatly influence the drug's efficacy and safety. Additionally, it is employed in the development of fine chemicals and agrochemicals, where precise control over stereochemistry is essential. Its robust performance in various catalytic processes, including hydrogenation and cross-coupling reactions, makes it a valuable tool in organic synthesis.