This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral compounds. Its structure, featuring diphenylphosphino groups and a chiral backbone, makes it highly effective as a ligand in transition metal-catalyzed reactions. It is often employed in hydrogenation, hydroformylation, and cross-coupling reactions, where it facilitates the production of enantiomerically pure products. This is especially valuable in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, its application extends to materials science, where it aids in the development of chiral polymers and advanced materials with specific optical properties.