Used primarily as a chiral ligand in asymmetric synthesis, it facilitates the formation of enantiomerically pure compounds, crucial in pharmaceutical manufacturing. Its role in catalysis enhances the efficiency and selectivity of reactions like hydrogenation and alkylation, leading to high-purity active pharmaceutical ingredients. Additionally, it finds application in the development of advanced materials, where its stereochemical properties are leveraged to create polymers with specific chiral characteristics. This compound is also explored in organic chemistry research for studying reaction mechanisms and developing new synthetic pathways.