This chemical is widely used in asymmetric synthesis and catalysis, particularly in the preparation of chiral ligands and complexes. It serves as a key intermediate in the development of enantioselective catalysts for organic transformations, such as hydrogenation and carbon-carbon bond formation. Its role in creating chiral environments enhances the efficiency and selectivity of these reactions, making it valuable in pharmaceutical synthesis for producing optically pure compounds. Additionally, it is employed in the study of stereochemistry and the design of novel chiral materials.