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-catalyzed reactions, such as hydrogenation, cross-coupling, and allylic substitution. Its unique structure, featuring multiple methoxy groups, enhances its ability to coordinate with metal centers, leading to improved stereocontrol in the formation of chiral products. This makes it valuable in the pharmaceutical industry for the synthesis of enantiomerically pure compounds, which are crucial in drug development. Additionally, its application extends to material science, where it aids in the creation of chiral materials with specific optical properties.