This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in transition metal-catalyzed reactions. Its unique structure enables it to effectively induce chirality, making it valuable in the production of enantiomerically pure compounds. It is often employed in asymmetric hydrogenation, where it helps achieve high enantioselectivity in the synthesis of pharmaceuticals and fine chemicals. Additionally, it finds application in cross-coupling reactions, contributing to the efficient formation of carbon-carbon and carbon-heteroatom bonds. Its role in these processes is critical for developing optically active intermediates used in drug discovery and agrochemical production.