This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its unique structure enables it to effectively induce chirality in the formation of complex organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of enantioselective catalysts, which are crucial for creating compounds with high optical purity. Its application extends to research in organic chemistry, particularly in studies focusing on stereocontrol and the synthesis of biologically active molecules.