This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its unique structure allows for high selectivity and efficiency in processes such as hydrogenation, cross-coupling, and other stereospecific transformations. This makes it valuable in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with precise stereochemistry. Additionally, it finds application in materials science for developing chiral materials with specific optical properties.