This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of chiral catalysts for organic transformations, such as hydrogenation, carbon-carbon bond formation, and oxidation reactions. Its unique structure allows it to effectively induce chirality in the resulting products, making it valuable in the synthesis of pharmaceuticals and fine chemicals. Additionally, it finds application in the development of chiral sensors and materials for optical and electronic devices.