This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. It plays a crucial role in facilitating enantioselective reactions, such as hydrogenation, where it helps produce specific enantiomers of compounds with high selectivity. Its application is significant in the development of drugs, agrochemicals, and other bioactive molecules, ensuring the desired stereochemistry is achieved. Additionally, it is employed in research to study and optimize catalytic processes, contributing to advancements in synthetic organic chemistry.