This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. It plays a crucial role in facilitating enantioselective reactions, which are essential for producing optically active compounds in pharmaceuticals and fine chemicals. Its unique structure allows it to coordinate with transition metals, enhancing the efficiency and selectivity of catalytic processes. This makes it valuable in the synthesis of complex molecules, including active pharmaceutical ingredients (APIs), where precise stereochemistry is critical for efficacy and safety. Additionally, it is employed in research and development to explore new catalytic methodologies and improve existing synthetic routes.