This chemical is primarily utilized in the field of organic synthesis and catalysis, where it serves as a chiral ligand in asymmetric reactions. Its unique structure allows it to effectively induce enantioselectivity, making it valuable in the production of optically active compounds, which are crucial in the pharmaceutical industry for the development of chiral drugs. Additionally, it is employed in the synthesis of complex organic molecules, particularly in reactions such as hydrogenation and carbon-carbon bond formation, where precise control over stereochemistry is required. Its application extends to materials science, where it aids in the creation of advanced polymers and catalysts with specific chiral properties.