This chemical is primarily used in biochemical and pharmacological research due to its role as a chiral ligand or catalyst in asymmetric synthesis. It is particularly valuable in the development of enantioselective reactions, where it helps produce specific enantiomers of compounds, which is crucial in drug development and fine chemical synthesis. Its application extends to the study of enzyme mechanisms and receptor binding, where its chiral properties allow researchers to explore stereochemical interactions in biological systems. Additionally, it may be employed in the synthesis of complex organic molecules, including pharmaceuticals, where precise control over stereochemistry is essential for efficacy and safety.