This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its unique structure allows it to effectively coordinate with transition metals, enhancing the efficiency and selectivity of reactions such as hydrogenation, hydroformylation, and carbon-carbon bond formation. Additionally, it finds application in the development of pharmaceuticals, where precise stereochemistry is essential for the biological activity of drug molecules. Its robust and sterically hindered framework also makes it suitable for use in creating highly selective catalysts for organic transformations.