This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. Its structure makes it effective as a chiral ligand in metal-catalyzed processes, such as hydrogenation, where it helps produce optically active compounds. It is also employed in the development of pharmaceuticals, enabling the synthesis of chiral intermediates with high enantiomeric purity. Additionally, it finds use in academic research for studying stereoselective transformations and developing novel catalytic systems. Its application extends to the fine chemical industry, where it aids in the production of high-value chiral molecules for various industrial purposes.