This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique steric and electronic properties make it highly effective in facilitating enantioselective transformations, such as hydrogenation, cyclization, or carbon-carbon bond-forming reactions. It is often employed in the pharmaceutical industry to synthesize chiral intermediates for drug development, ensuring high enantiomeric purity in the final products. Additionally, its robust structure allows it to perform well under harsh reaction conditions, making it a versatile tool in complex synthetic pathways. Researchers also explore its potential in material science for designing advanced chiral materials with specific optical or catalytic properties.