This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. Its unique structure enables it to effectively induce chirality in catalytic reactions, leading to the production of enantiomerically pure compounds. It is often employed in transition metal-catalyzed processes, such as hydrogenation, cross-coupling, and allylic substitution reactions. Its high selectivity and efficiency make it valuable in the development of active pharmaceutical ingredients (APIs) and other high-value chiral molecules. Additionally, it is used in academic and industrial research to explore new catalytic methodologies and improve existing synthetic routes.