This chemical is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. Its unique structure makes it an effective chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds with high enantiomeric purity. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise stereochemistry is crucial for biological activity. Additionally, its stability and selectivity make it a valuable tool in academic and industrial research for developing novel catalytic processes.