This compound is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is effective in facilitating the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Its application extends to transition metal-catalyzed reactions, such as hydrogenation and carbon-carbon bond formation, where it helps achieve high enantiomeric excess. Additionally, it is employed in the development of advanced materials and chiral catalysts for research and industrial processes.