This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic asymmetric reactions. It plays a crucial role in facilitating the formation of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its application is prominent in transition metal-catalyzed reactions, such as hydrogenation, carbon-carbon bond formation, and other stereoselective transformations. The chiral environment it creates enhances the selectivity and efficiency of these reactions, making it valuable in the synthesis of complex molecules with high enantiomeric purity.