This chemical is primarily utilized in the field of asymmetric catalysis, where it serves as a chiral ligand in various organic synthesis processes. It is particularly effective in facilitating enantioselective reactions, which are crucial for producing chiral molecules with high optical purity. These reactions are widely applied in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) that require specific stereochemistry to achieve desired biological activity. Additionally, it finds use in academic research for developing new methodologies in asymmetric synthesis, contributing to advancements in synthetic organic chemistry. Its robust structure and chiral properties make it a valuable tool for chemists aiming to create complex, enantiomerically pure compounds.