This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure enables it to effectively control stereochemistry, making it valuable in the synthesis of enantiomerically pure compounds. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other enantioselective transformations. Its application is crucial in pharmaceutical synthesis, where the production of single-enantiomer drugs is essential for efficacy and safety. Additionally, it finds use in fine chemical manufacturing, contributing to the development of high-value intermediates and specialty chemicals.