This chemical is primarily utilized in asymmetric synthesis, particularly as a chiral ligand in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and other carbon-carbon bond-forming reactions. Its sterically demanding and electronically tunable structure allows for high selectivity and efficiency in producing chiral compounds, which are valuable in pharmaceutical synthesis and fine chemical manufacturing. Additionally, it is employed in the development of catalysts for organic synthesis, enabling the production of complex molecules with precise stereochemical control. Its application is particularly significant in the synthesis of biologically active compounds and intermediates for drug development.