This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the formation of chiral centers in organic compounds, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its ability to induce high enantiomeric excess in reactions such as hydrogenation, hydroformylation, and cross-coupling makes it a preferred choice in the development of optically active molecules. Additionally, it is employed in research and development to explore new synthetic pathways and improve the efficiency of existing catalytic processes.