This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the production of pharmaceuticals and fine chemicals, helping to create compounds with specific stereochemistry. Additionally, it is employed in the development of catalysts for organic transformations, such as hydrogenation and carbon-carbon bond formation. Its application extends to research and development in academic and industrial laboratories, where it aids in the study of stereochemical outcomes in synthetic pathways.