This chemical is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds with high selectivity. Its robust structure and steric properties make it effective in controlling the stereochemistry of reactions, such as hydrogenation, carbon-carbon bond formation, and oxidation processes. It is especially valuable in the pharmaceutical industry for synthesizing chiral intermediates used in drug development. Additionally, its application extends to materials science, where it aids in the creation of chiral polymers and advanced materials with specific optical properties.