This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a critical role in enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other organic synthesis processes. Its high selectivity and efficiency make it valuable in the pharmaceutical industry for synthesizing chiral intermediates and active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it finds application in fine chemical production, enabling the creation of complex molecules with precise stereochemistry. Its robust structure and ability to form stable complexes with metals enhance its performance in challenging catalytic environments.