This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It facilitates the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for developing drugs with specific desired activities. Its robust structure and ability to induce high enantioselectivity make it valuable in synthesizing complex organic molecules. Additionally, it is employed in academic research to explore new catalytic processes and improve existing methodologies for asymmetric synthesis.