This chemical is primarily used in asymmetric synthesis as a chiral ligand or catalyst. It plays a crucial role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows it to effectively induce chirality in organic transformations, such as hydrogenation, oxidation, and carbon-carbon bond formation. Additionally, it is employed in the development of advanced materials, including liquid crystals and polymers, where precise control over molecular orientation is essential. Its application extends to academic research, where it serves as a valuable tool for studying stereochemistry and reaction mechanisms.