This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective hydrogenation, where it helps produce chiral molecules with high optical purity, which is essential in the synthesis of pharmaceuticals and fine chemicals. Its application extends to carbon-carbon bond-forming reactions, such as asymmetric allylic alkylation and cross-coupling reactions, where it ensures high selectivity and efficiency. Additionally, it is employed in the development of advanced materials and agrochemicals, contributing to the creation of products with specific stereochemical properties. Its robust structure and chiral induction capabilities make it a valuable tool in organic synthesis and industrial processes.