This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. Its unique structure allows it to effectively induce chirality in catalytic reactions, leading to the production of enantiomerically pure compounds. This is crucial in drug development, where the biological activity of a molecule often depends on its specific three-dimensional configuration. The compound is especially valuable in hydrogenation and cross-coupling reactions, where it enhances both the selectivity and efficiency of the process. Its application in these reactions contributes to the creation of high-value intermediates and active pharmaceutical ingredients with minimal waste and improved yields.