This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis reactions. It plays a crucial role in the production of pharmaceuticals, where it helps create compounds with high optical purity. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, enabling the development of products with specific stereochemical properties. Its application extends to organic synthesis, where it facilitates the formation of complex molecules with precise chiral control.