This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure allows it to effectively coordinate with metal centers, enabling the induction of chirality in various chemical reactions. This makes it valuable in the production of enantiomerically pure compounds, which are crucial in pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its application extends to the development of novel catalytic systems for research purposes, aiding in the exploration of new synthetic pathways and methodologies.