This chemical is primarily utilized in the field of organic synthesis, where it serves as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to induce high enantioselectivity, making it valuable in the production of optically active compounds, which are crucial in pharmaceuticals and agrochemicals. Additionally, it finds application in the development of advanced materials, particularly in the synthesis of chiral polymers or frameworks with specific optical properties. Its role in facilitating stereocontrolled transformations makes it a key component in the synthesis of complex molecules for research and industrial purposes.