This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the formation of chiral centers in organic molecules. Its application is crucial in the pharmaceutical industry, where it helps produce optically active compounds with high stereochemical purity. Additionally, it is employed in the synthesis of complex natural products and fine chemicals, enhancing the efficiency and selectivity of catalytic processes. Its robust structure and chiral properties make it a valuable tool in advancing synthetic methodologies.