This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its unique structure allows for high stereoselectivity, making it valuable in the synthesis of pharmaceuticals, where precise chirality is crucial for drug efficacy and safety. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to innovations in organic chemistry and industrial applications.