This compound is primarily utilized in the field of asymmetric synthesis as a chiral ligand or catalyst. Its unique stereochemistry makes it highly effective in facilitating enantioselective reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is often employed in transition metal-catalyzed processes, such as hydrogenation, hydroformylation, and cross-coupling reactions, where high enantiomeric purity of the product is desired. Additionally, its robust structure and steric properties enhance its stability and performance in demanding reaction conditions, making it a valuable tool in the synthesis of pharmaceuticals, fine chemicals, and advanced materials.