This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure makes it highly effective in facilitating enantioselective reactions, which are crucial for producing optically active compounds. These compounds are often used in the pharmaceutical industry to create drugs with specific stereochemical properties, enhancing their efficacy and reducing side effects. Additionally, it finds application in the development of advanced materials, where its chiral properties can influence the formation of complex molecular architectures. Its role in catalysis also extends to fine chemical manufacturing, where precision in molecular structure is essential for high-performance products.