This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of complex organic molecules. It plays a crucial role in facilitating enantioselective reactions, such as hydrogenation, cross-coupling, and allylic substitution, where high selectivity for one enantiomer is desired. Its application is significant in the pharmaceutical industry for the production of chiral drugs, ensuring the desired biological activity and reducing side effects. Additionally, it is employed in academic and industrial research to develop novel synthetic methodologies and optimize catalytic processes for fine chemical production.