This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst. It plays a crucial role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows it to effectively coordinate with transition metals, enhancing the efficiency and selectivity of catalytic processes. Additionally, it is employed in the development of advanced materials and in research focused on stereochemistry, contributing to the creation of compounds with high optical purity. Its application is also seen in organic synthesis, where it aids in the formation of complex molecular architectures with precise stereochemical control.