This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in transition metal-catalyzed reactions. Its application is significant in the field of organic chemistry, where it facilitates the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals and fine chemicals. The compound's ability to induce high enantioselectivity makes it valuable in processes such as hydrogenation, cross-coupling reactions, and other transformations where chiral induction is required. Its use enhances the efficiency and selectivity of catalytic processes, leading to more sustainable and cost-effective chemical production methods.