This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of chiral metal complexes, which are essential for producing enantiomerically pure compounds in pharmaceuticals and fine chemicals. Additionally, it finds application in the synthesis of complex organic molecules, such as natural products and bioactive compounds, where precise stereochemical control is required. Its role in facilitating high-yield, stereospecific transformations makes it valuable in research and industrial processes.