This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It plays a crucial role in the synthesis of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its unique structure allows for high selectivity and efficiency in catalytic processes, enabling the creation of complex molecules with specific stereochemistry. Additionally, it is employed in academic and industrial research to develop new catalytic methods and optimize existing ones for better yields and enantioselectivity.