This chemical is primarily utilized in asymmetric synthesis, particularly in catalytic processes where high enantioselectivity is required. It serves as a key ligand in transition metal-catalyzed reactions, such as hydrogenation, which is critical in the production of chiral pharmaceuticals. Its unique structure allows it to effectively control the stereochemistry of the reaction, leading to the formation of enantiomerically pure compounds. This makes it valuable in the synthesis of active pharmaceutical ingredients (APIs) where specific chirality is essential for biological activity. Additionally, it finds application in the development of advanced materials and fine chemicals, where precise molecular control is necessary.