This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral compounds. It serves as a key ligand in metal-catalyzed reactions, enabling the production of enantiomerically pure substances, which are crucial in the pharmaceutical industry for developing drugs with high specificity and reduced side effects. Additionally, its unique structure allows for enhanced control over reaction stereochemistry, making it valuable in the production of fine chemicals and advanced materials. Its application extends to organic synthesis, where it aids in the creation of complex molecular architectures with high precision.