This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where stereoselectivity is crucial. It is often employed in the formation of carbon-carbon and carbon-heteroatom bonds, enhancing the efficiency and selectivity of the process. Its application extends to the synthesis of complex organic molecules, including pharmaceuticals, where precise control over the stereochemistry is essential. Additionally, it is used in the development of enantiomerically pure compounds, which are important in the production of active pharmaceutical ingredients (APIs) and fine chemicals.