This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in the synthesis of enantiomerically pure compounds. It plays a crucial role in facilitating highly selective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its unique steric and electronic properties make it effective in controlling the stereochemistry of the reaction products, which is essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in the development of advanced materials and in research focused on understanding chiral induction mechanisms.