This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the development of pharmaceuticals to create enantiomerically pure compounds, enhancing the efficacy and reducing side effects of drugs. Additionally, it finds application in the synthesis of advanced materials, where its chiral properties can influence the structural and functional characteristics of the final product. Its role in facilitating high-precision chemical transformations makes it valuable in both academic research and industrial processes.