This chemical is primarily utilized in asymmetric synthesis, particularly in catalytic processes where enantioselectivity is crucial. It serves as a chiral ligand in transition metal catalysis, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry for the synthesis of chiral drugs, where the specific enantiomer often determines the drug's efficacy and safety. Additionally, it is employed in organic chemistry research to explore new methodologies for constructing complex molecular architectures with high stereochemical control. Its application extends to the development of advanced materials and fine chemicals, where precise stereochemistry is essential for desired properties and performance.