This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands and catalysts. It plays a significant role in organic reactions such as enantioselective hydrogenation, where it helps in producing chiral molecules with high optical purity. Additionally, it is employed in the synthesis of complex natural products and pharmaceuticals, where precise stereochemistry is crucial. Its structural properties make it valuable in creating frameworks for advanced materials and coordination chemistry applications.