This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure allows it to effectively induce enantioselectivity, making it valuable in the synthesis of chiral compounds, which are essential in pharmaceuticals, agrochemicals, and fine chemicals. It is often employed in hydrogenation, carbon-carbon bond formation, and other asymmetric transformations, enabling the production of enantiomerically pure products. Its stability and efficiency in coordinating with metals like rhodium, iridium, and palladium make it a preferred choice for complex catalytic processes.