This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It plays a crucial role in the synthesis of optically active compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its unique structure and stereochemistry enable high enantioselectivity, ensuring the formation of desired chiral products with high purity. Additionally, it is employed in the development of advanced materials and in research to explore new catalytic processes. Its effectiveness in asymmetric transformations makes it a valuable tool in organic synthesis and industrial applications.