This chemical is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds with high stereochemical control. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring the desired enantiomer is produced with high purity. Additionally, it is employed in academic research for developing novel catalytic processes and studying stereochemical outcomes in organic transformations.