This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring multiple phenyl and diethylphenyl groups, makes it highly effective in inducing enantioselectivity in various chemical transformations. It is often employed in the synthesis of complex organic molecules, such as pharmaceuticals, where precise control over stereochemistry is crucial. Additionally, it finds application in the development of advanced materials, where its ability to form stable complexes with metals is leveraged to create catalysts for polymerization or other industrially relevant processes. Its robustness and selectivity make it a valuable tool in both academic research and industrial applications.