This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure makes it highly effective in facilitating enantioselective reactions, which are crucial for producing optically active compounds. These compounds are often used in the pharmaceutical industry to create drugs with specific chirality, ensuring higher efficacy and reduced side effects. Additionally, its application extends to the development of advanced materials, where precise control over molecular orientation is required. The compound's stability and selectivity make it a valuable tool in research and industrial processes aiming for high-purity, stereospecific products.