This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the development of pharmaceuticals, enabling the production of single-enantiomer drugs, which often have higher efficacy and fewer side effects. Additionally, it is employed in the synthesis of complex organic molecules, such as natural products and fine chemicals, where precise control over stereochemistry is essential. Its application extends to materials science, where it aids in the creation of chiral materials with unique optical and electronic properties.