This compound is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, where it helps produce enantiomerically pure compounds. It is also employed in the preparation of chiral catalysts for organic transformations, including the synthesis of pharmaceuticals and fine chemicals. Additionally, it serves as a building block in the development of chiral metal complexes, which are essential in stereoselective reactions. Its application extends to the field of material science, where it is used to design chiral polymers and frameworks with specific optical properties.