This compound is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a key ligand in transition metal-catalyzed reactions, particularly in enantioselective transformations. Its structure is well-suited for coordinating with metals like palladium, rhodium, and iridium, enabling the production of chiral molecules with high selectivity. This makes it valuable in pharmaceutical manufacturing, where precise stereochemistry is crucial for drug efficacy and safety. Additionally, it is employed in academic research to develop new methodologies for constructing complex organic molecules with defined stereocenters. Its application extends to materials science, where it aids in the synthesis of chiral polymers and advanced materials with specific optical properties.