This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and carbon-carbon bond formation reactions. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where achieving high enantiomeric purity is essential. Additionally, it is utilized in academic research to develop new catalytic methodologies and study stereochemical outcomes in organic synthesis.