This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the production of pharmaceuticals, enabling the synthesis of specific enantiomers of drugs to enhance efficacy and reduce side effects. Additionally, it is employed in the development of agrochemicals and fine chemicals, where precise stereochemistry is essential for desired biological activity. Its application extends to research and development in organic chemistry, aiding in the exploration of new catalytic processes and the optimization of existing ones.