This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, alkylation, and cycloaddition. Its unique structure allows it to effectively induce chirality in products, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of chiral catalysts for enantioselective transformations, enhancing the efficiency and selectivity of synthetic processes. Its stability and versatility make it a preferred choice in organic chemistry research and industrial applications.