This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, epoxidation, and Diels-Alder reactions. Its unique structure allows it to induce high enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it serves as a building block in the synthesis of chiral polymers and materials, which are essential for applications in optoelectronics and sensors. Its ability to form stable complexes with metals also makes it useful in the development of chiral catalysts for industrial processes.