This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to effectively induce chirality in the synthesis of complex molecules, making it valuable in the production of pharmaceuticals and fine chemicals. It is also employed in the development of advanced materials, where its stereochemical properties can influence the formation of specific molecular architectures. Additionally, its stability and reactivity make it suitable for use in research applications focused on exploring new catalytic processes and reaction mechanisms.