This chemical is primarily utilized 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 specific stereochemistry. The ligand’s structure allows it to effectively coordinate with metals like rhodium or iridium, enhancing the enantioselectivity of reactions such as hydrogenation, allylic alkylation, and hydroformylation. This makes it a valuable tool in the development of active pharmaceutical ingredients (APIs) and fine chemicals, where precise stereochemical control is essential for efficacy and safety. Additionally, it is employed in academic and industrial research to explore new catalytic processes and optimize existing ones for higher selectivity and yield.