This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in the formation of chiral catalysts for organic transformations, such as asymmetric hydrogenation, which is crucial in the production of pharmaceuticals and fine chemicals. The sterically hindered and electron-rich nature of the ligand enhances its ability to induce chirality in the resulting products. Additionally, it finds application in the synthesis of complex natural products and bioactive molecules, where precise control over stereochemistry is essential. Its robust structure and stability under various reaction conditions make it a valuable tool in modern synthetic organic chemistry.