This chemical is primarily utilized in asymmetric synthesis and catalysis due to its chiral properties. It serves as a key ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. Its robust structure and ability to induce high enantioselectivity make it valuable in organic transformations such as hydrogenation, carbon-carbon bond formation, and oxidation reactions. Additionally, it finds application in the development of chiral sensors and materials for advanced optical and electronic devices.