Used primarily in asymmetric synthesis, this compound serves as a chiral ligand in catalytic reactions, particularly in hydrogenation processes. It enhances the efficiency and selectivity of catalysts, enabling the production of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. Its unique structure allows for precise control over stereochemistry, making it valuable in the synthesis of complex molecules. Additionally, it is employed in research to develop new catalytic systems for organic transformations.