This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a significant role in the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for developing drugs with high specificity and reduced side effects. Additionally, it is employed in the synthesis of complex organic molecules, where its ability to induce chirality enhances the efficiency and selectivity of the reaction. Its application extends to the field of fine chemicals, where it aids in the creation of high-value intermediates for various industrial processes.