This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a crucial role in facilitating reactions such as hydrogenation, carbon-carbon bond formation, and other transformations where high enantiomeric purity is required. Its robust structure and chiral environment make it effective in producing optically active compounds, which are essential in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Additionally, it is employed in the development of advanced materials and fine chemicals, where precise stereochemical control is necessary.