This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a crucial role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals and fine chemicals. Its unique structure allows for high selectivity and efficiency in forming chiral centers, making it valuable in the synthesis of complex molecules with specific stereochemistry. Additionally, it is employed in transition metal-catalyzed reactions, such as hydrogenation and cross-coupling, to achieve desired enantiomeric purity in the final products. Its application extends to research and development in organic chemistry, where it aids in exploring new synthetic pathways and optimizing reaction conditions.