This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of optically active compounds in pharmaceuticals and fine chemicals. Its application is prominent in hydrogenation, cross-coupling, and allylic substitution reactions, where it helps achieve high stereoselectivity and yield. The compound's robust structure and chiral environment make it a valuable tool in the development of chiral drugs and intermediates, contributing to advancements in medicinal chemistry and organic synthesis.