This compound is primarily used in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand or catalyst in various enantioselective reactions, such as hydrogenation, transfer hydrogenation, and carbon-carbon bond-forming processes. Its ability to induce chirality makes it valuable in the production of pharmaceuticals, where the stereochemistry of a drug molecule is crucial for its efficacy and safety. Additionally, it is employed in the synthesis of fine chemicals and intermediates for agrochemicals, leveraging its selectivity to achieve high-purity products. Its application extends to academic research, where it is used to explore new methodologies in organic synthesis and to develop novel catalytic systems.