This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure and stereochemistry make it highly effective in inducing enantioselectivity, which is crucial for producing chiral compounds in pharmaceuticals and fine chemicals. It is often employed in asymmetric hydrogenation, carbon-carbon bond formation, and other enantioselective transformations, enabling the synthesis of complex molecules with high optical purity. Additionally, its stability and efficiency under various reaction conditions make it a valuable tool in organic synthesis and industrial applications.