This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enabling the synthesis of enantiomerically pure compounds, which are essential in the pharmaceutical industry for producing drugs with high specificity and reduced side effects. Its application extends to hydrogenation, carbon-carbon bond formation, and other stereoselective transformations, where it helps achieve high enantioselectivity and reaction efficiency. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to innovations in organic synthesis and industrial processes.