This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in transition metal-catalyzed processes, such as asymmetric hydrogenation, to produce enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the development of chiral drugs. Its robust steric and electronic properties make it effective in stabilizing metal complexes and enhancing the selectivity of the catalytic process. Additionally, it finds application in the synthesis of fine chemicals and advanced materials, where precise control over molecular configuration is essential.