This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a crucial role in facilitating enantioselective reactions, such as hydrogenation, carbon-carbon bond formation, and oxidation processes. Its application is particularly significant in the pharmaceutical industry, where it aids in the production of chiral drugs, ensuring high enantiomeric purity. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise stereochemical control is essential. Its unique structural properties make it a valuable tool in organic synthesis for achieving high selectivity and efficiency in complex reactions.