This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its structure allows it to effectively coordinate with metals, enabling the induction of chirality in products. This makes it valuable in the synthesis of enantiomerically pure compounds, which are crucial in pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in research and development for exploring new catalytic processes and optimizing stereoselective transformations. Its application extends to academic studies focused on understanding chiral induction mechanisms and improving catalytic efficiency in organic synthesis.