This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, allylic alkylation, and cross-coupling reactions. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of enantiomerically pure compounds, which are essential for producing active pharmaceutical ingredients (APIs) with high stereochemical precision. Additionally, it is employed in academic research to develop new synthetic methodologies and explore novel catalytic processes. Its unique structure and stereochemical properties make it a valuable tool for achieving high selectivity and efficiency in complex organic syntheses.