This chemical is primarily utilized in asymmetric catalysis, particularly in the synthesis of chiral compounds. Its structure makes it highly effective as a ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure molecules. It is often employed in pharmaceutical research and development to create active pharmaceutical ingredients (APIs) with specific stereochemistry, ensuring higher efficacy and reduced side effects. Additionally, it finds use in fine chemical synthesis, where precise control over molecular chirality is critical for producing high-value intermediates and specialty chemicals.