This chemical is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring high enantiomeric purity and efficacy. Additionally, it is employed in organic synthesis for constructing complex molecular architectures with precise stereochemistry, which is crucial for developing advanced materials and fine chemicals.