This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral ligand in asymmetric synthesis, particularly in metal-catalyzed reactions, where it helps induce enantioselectivity. This is crucial for producing chiral molecules, which are important in the pharmaceutical industry for the development of drugs with specific stereochemistry. Additionally, it is used in the preparation of complex organic compounds, aiding in the formation of carbon-carbon and carbon-heteroatom bonds with high precision and efficiency. Its role in facilitating stereocontrolled reactions makes it valuable for synthesizing biologically active compounds and fine chemicals.