This chemical is primarily used in asymmetric synthesis as a chiral ligand or catalyst. Its unique structure makes it highly effective in facilitating enantioselective reactions, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. It is often employed in transition metal-catalyzed processes, such as hydrogenation, oxidation, and carbon-carbon bond formation, to achieve high enantiomeric purity in the final products. Additionally, its application extends to the development of chiral materials and sensors, where its stereochemical properties are leveraged for selective recognition and separation processes.