This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a critical role in enabling the synthesis of enantiomerically pure compounds, which are essential in the pharmaceutical industry for producing drugs with high stereochemical precision. Its application extends to asymmetric hydrogenation, carbon-carbon bond formation, and other enantioselective transformations, where it enhances the efficiency and selectivity of the catalytic process. Additionally, it is employed in academic and industrial research to develop novel synthetic methodologies for complex organic molecules.