This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of carbon-carbon and carbon-heteroatom bonds, enhancing the efficiency and selectivity of transition metal-catalyzed processes. Its application is significant in the pharmaceutical industry for the synthesis of enantiomerically pure compounds, which are essential for developing drugs with specific biological activities. Additionally, it finds use in academic research for exploring new catalytic methodologies and understanding reaction mechanisms.