This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its unique structure allows it to coordinate with transition metals, forming complexes that are highly effective in enantioselective hydrogenation, carbon-carbon bond formation, and other stereospecific transformations. This makes it valuable in the production of pharmaceuticals, where the correct stereochemistry of a drug molecule is essential for its efficacy and safety. Additionally, its stability and selectivity make it a preferred choice in fine chemical synthesis, enabling the creation of complex molecules with high precision.