This chemical is primarily utilized in asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its unique structure allows it to induce high enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals. It is particularly effective in transition metal-catalyzed reactions, such as hydrogenation, which are critical for creating enantiomerically pure compounds. Additionally, it finds application in the development of advanced materials, where its chiral properties can influence the structural and optical characteristics of the final product. Its robust and versatile nature makes it a preferred choice in both academic research and industrial processes.