This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of chiral catalysts for organic transformations, such as hydrogenation, oxidation, and carbon-carbon bond-forming reactions. Its ability to induce high enantiomeric excess makes it valuable in the production of pharmaceuticals and fine chemicals, where specific stereochemistry is essential for biological activity. Additionally, it finds application in the development of chiral sensors and materials for enantiomeric recognition and separation processes.