This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic asymmetric hydrogenation reactions. It plays a crucial role in the production of enantiomerically pure compounds, which are essential in the pharmaceutical industry for the development of drugs with specific stereochemical requirements. Its application extends to the synthesis of complex organic molecules, where it helps in achieving high enantioselectivity and yield. Additionally, it is employed in the preparation of chiral catalysts for various organic transformations, contributing to advancements in medicinal chemistry and fine chemical manufacturing.