This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in the development of pharmaceuticals, where the precise control of stereochemistry is crucial for the efficacy and safety of the drug. Additionally, it finds application in the synthesis of complex organic molecules, including natural products and fine chemicals, where its ability to induce chirality enhances the yield and purity of the desired enantiomer. Its robust structure and high selectivity make it a valuable tool in advanced organic synthesis and industrial chemistry.