This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its application is significant in the synthesis of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for producing drugs with high stereoselectivity. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other key transformations where achieving high enantiomeric excess is essential. The ligand's structure, with its sterically demanding and electron-rich properties, enhances the efficiency and selectivity of the catalytic processes, making it a valuable tool in organic synthesis.