This chemical is primarily utilized in asymmetric synthesis, particularly in catalytic processes where chiral induction is crucial. It serves as a key ligand in transition metal catalysis, enabling the production of enantiomerically pure compounds, which are essential in pharmaceuticals and fine chemicals. Its unique structure allows for high selectivity and efficiency in reactions such as hydrogenation, hydroformylation, and cross-coupling, making it valuable in the development of drugs and advanced materials. Additionally, its stability and steric properties make it suitable for use in complex organic transformations, enhancing reaction yields and product purity.