This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It is highly effective in synthesizing enantiomerically pure compounds, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its sterically hindered structure and electron-rich properties enhance selectivity and efficiency in catalytic processes. Additionally, it is employed in the development of advanced materials and in research focused on understanding stereochemical control in organic synthesis.