This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in transition metal-catalyzed reactions. Its structure, featuring diphenylphosphino groups, makes it highly effective in coordinating with metals like rhodium, iridium, and palladium, enabling the formation of enantioselective catalysts. These catalysts are widely employed in the production of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is critical. Additionally, its isopropylidene-protected dihydroxy moiety enhances stability and reactivity, making it suitable for use in complex organic transformations such as hydrogenation, hydroformylation, and cross-coupling reactions. Its application is especially valuable in the synthesis of chiral intermediates for drugs and bioactive molecules.