This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the development of pharmaceuticals, enabling the production of single-enantiomer drugs with higher efficacy and fewer side effects. Additionally, it is employed in the synthesis of complex organic molecules, such as natural products and fine chemicals, where precise stereochemical control is required. Its application extends to materials science, where it aids in the creation of chiral polymers and advanced materials with specific optical properties.