This chemical is primarily utilized in the field of asymmetric synthesis, where it serves 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 unique structure allows for high stereocontrol, making it valuable in the synthesis of complex organic molecules with specific chiral configurations. Additionally, it is employed in research and development for studying chiral induction and exploring new catalytic processes in organic chemistry.