This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a significant role in the formation of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the development of drugs with specific chiral configurations. Its structure allows it to effectively coordinate with metal catalysts, enhancing the selectivity and efficiency of reactions such as hydrogenation, carbon-carbon bond formation, and oxidation processes. Additionally, it is employed in the synthesis of complex organic molecules, contributing to advancements in material science and fine chemical production. Its chiral properties make it a valuable tool in research and industrial applications where precise stereochemical control is required.