This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. Its unique structure allows it to effectively coordinate with transition metals, such as rhodium or iridium, to facilitate asymmetric hydrogenation reactions. These reactions are crucial in the production of pharmaceuticals, where the creation of specific enantiomers is essential for the desired biological activity. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and fine chemicals, where high enantiomeric purity is required. Its stability and efficiency in catalytic systems make it a valuable tool in organic chemistry research and industrial applications.