This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the development of pharmaceuticals, enabling the production of enantiomerically pure compounds, which are essential for drugs with specific biological activities. Additionally, it is employed in the synthesis of complex organic molecules, aiding in the formation of carbon-carbon and carbon-heteroatom bonds with high stereocontrol. Its application extends to academic research, where it is used to study and develop new asymmetric catalytic processes.