This chemical is primarily utilized in asymmetric synthesis, particularly in catalytic processes where high enantioselectivity is required. It serves as a chiral ligand in transition metal catalysis, enabling the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs). Its application extends to the development of complex organic molecules, where precise control over stereochemistry is essential. Additionally, it is employed in research and development for exploring new catalytic reactions and optimizing existing ones, contributing to advancements in synthetic organic chemistry.