This compound is primarily used 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, carbon-carbon bond formation, and other stereospecific processes. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where high enantiomeric purity is essential. Additionally, it is employed in academic research to develop new catalytic methodologies and explore novel asymmetric reactions. The sterically hindered and electron-rich nature of the ligand enhances its ability to stabilize metal complexes and control stereochemistry effectively.