This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst in various organic reactions. Its unique structure allows it to effectively induce chirality in the synthesis of complex molecules, making it valuable in the production of pharmaceuticals, particularly in the creation of enantiomerically pure compounds. Additionally, it is employed in the development of advanced materials, where its ability to control stereochemistry is crucial for achieving desired properties. Its applications also extend to agrochemical research, aiding in the synthesis of selective and efficient crop protection agents.