This chemical is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis. Its unique structure makes it effective as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. It is often applied in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise stereochemistry is crucial for activity and efficacy. Additionally, it can be used in the development of advanced materials and in research to explore new catalytic processes.