This chemical is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring high enantiomeric purity. Additionally, it is employed in organic synthesis to create complex molecules with precise stereochemistry, which is crucial for developing advanced materials and fine chemicals. Its robust structure and chiral properties make it a valuable tool in research and industrial processes requiring high selectivity and efficiency.