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 formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in the production of pharmaceuticals and fine chemicals. Its robust structure and ability to induce chirality make it a key component in the synthesis of complex organic molecules, ensuring the desired stereochemistry in the final product. Additionally, it is used in the development of chiral catalysts for industrial processes, enhancing efficiency and selectivity in chemical transformations.