This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. Its ability to induce chirality in reactions makes it valuable for producing enantiomerically pure compounds, which are crucial in drug development. It is often employed in transition metal-catalyzed reactions, such as hydrogenation, where it enhances selectivity and efficiency. Additionally, it finds application in the preparation of complex organic molecules, contributing to advancements in medicinal chemistry and material science. Its stability and effectiveness in various catalytic systems make it a versatile tool in organic synthesis.