This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. Its unique structure allows it to effectively coordinate with transition metals, such as rhodium or iridium, to form highly active catalysts. These catalysts are employed in various organic transformations, including hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its application is significant in the pharmaceutical industry, where it aids in the production of chiral drugs with high enantiomeric purity. Additionally, it is used in academic research to develop new catalytic methodologies and explore novel synthetic pathways.