This chemical is primarily used 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, aiding in the creation of chiral molecules with high purity and specificity. Additionally, it is employed in organic synthesis to facilitate the formation of complex molecular structures, making it valuable in the development of active pharmaceutical ingredients (APIs). Its stability and effectiveness in various reaction conditions make it a preferred choice in research and industrial applications.