This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its unique structure makes it highly effective in facilitating enantioselective transformations, particularly in the synthesis of complex organic molecules. It is often employed in metal-catalyzed reactions, such as hydrogenation or C-C bond formation, to produce chiral compounds with high enantiomeric purity. This is especially valuable in the pharmaceutical industry for the development of enantiomerically pure drugs, where the specific spatial arrangement of atoms can significantly impact the drug's efficacy and safety. Additionally, it finds use in academic research for exploring new methodologies in stereoselective synthesis.