This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It plays a critical role in the production of enantiomerically pure compounds, which are essential in the pharmaceutical industry for synthesizing drugs with specific chiral configurations. Its application extends to the development of fine chemicals and agrochemicals, where precise stereochemistry is required to achieve desired biological activity. Additionally, it is employed in academic and industrial research to explore new catalytic processes and improve the efficiency of existing synthetic routes.