This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where the production of a specific enantiomer is crucial for biological activity or desired properties. Additionally, it finds application in the development of chiral catalysts for organic transformations, such as hydrogenation, oxidation, and carbon-carbon bond formation. Its unique structure and chirality make it valuable in research and industrial processes aimed at achieving precise stereochemical control.