This chemical is primarily utilized in the field of catalysis, particularly in asymmetric synthesis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. These compounds are crucial in the pharmaceutical industry for the development of drugs with specific chiral configurations, ensuring higher efficacy and reduced side effects. Additionally, its application extends to organic synthesis, where it aids in the formation of complex molecular structures with high precision and selectivity. The chemical's unique structure enhances the stability and activity of catalysts, making it valuable in advanced research and industrial processes.