This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, allylic alkylation, and Diels-Alder reactions. It is highly effective in inducing enantioselectivity, making it valuable for producing optically active compounds in pharmaceuticals and fine chemicals. Additionally, it serves as a key component in chiral catalysts and reagents for the synthesis of complex organic molecules with high stereochemical control. Its application extends to the development of chiral stationary phases for chromatographic separation of enantiomers, aiding in the analysis and purification of chiral compounds. Furthermore, it is utilized in research and development of materials with special optical and electronic properties, such as luminescent materials and chemical sensors.