This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, hydroformylation, and cross-coupling reactions, which are essential in the synthesis of pharmaceuticals and fine chemicals. Its stereochemical properties enable the production of optically active compounds with high selectivity. Additionally, it is employed in the development of advanced materials and coordination chemistry research, contributing to the design of novel catalysts with improved efficiency and specificity.