This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst. It is particularly effective in facilitating enantioselective reactions, which are crucial for producing optically active compounds in pharmaceuticals and fine chemicals. Its unique structure allows it to induce high stereoselectivity in transformations such as hydrogenation, cyclopropanation, and cross-coupling reactions. Additionally, it finds application in the development of advanced materials, where its chiral properties can influence the assembly and properties of molecular structures. Its versatility and efficiency make it a valuable tool in organic synthesis and material science.