This chemical is primarily utilized 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, cross-coupling, and allylic substitution reactions. Its unique structure, featuring a biphenyl backbone with phosphine groups, allows it to effectively control the stereochemistry of the reaction, leading to the production of chiral molecules with high enantiomeric purity. This makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals where specific stereochemistry is essential for biological activity or desired properties.