This chemical is primarily utilized in asymmetric synthesis and catalysis, where it serves as a chiral ligand or building block for creating chiral catalysts. Its structure is particularly effective in facilitating enantioselective reactions, which are crucial in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of chiral polymers and materials, contributing to advancements in materials science. Its role in organic synthesis also extends to the preparation of complex molecules with high stereochemical control.