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 stereochemical precision. It facilitates reactions such as hydrogenation, carbon-carbon bond formation, and other transformations where achieving high enantioselectivity is essential. Additionally, it is employed in research and development to explore new catalytic processes and optimize existing ones for better efficiency and selectivity.