This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. Its unique structure makes it an effective chiral ligand or catalyst in organic transformations, such as hydrogenation, carbon-carbon bond formation, and other stereoselective processes. It is often employed in the pharmaceutical industry to synthesize enantiomerically pure compounds, which are critical for developing drugs with high specificity and reduced side effects. Additionally, its application extends to materials science, where it aids in the creation of chiral materials with potential uses in advanced technologies like sensors or optoelectronic devices.