This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand in various organic reactions, including enantioselective hydrogenation and carbon-carbon bond-forming reactions. Its unique structure allows it to effectively induce chirality in the products, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, where its chiral properties can influence the optical and electronic characteristics of the final product. Its application in these areas contributes to the creation of more efficient and selective chemical processes.