This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. It serves as a chiral ligand or catalyst in organic transformations, enabling the production of enantiomerically pure compounds. Its application is significant in pharmaceutical synthesis, where the creation of chiral molecules with high optical purity is crucial. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to the enhancement of reaction efficiency and selectivity. Its unique structure makes it valuable in research focused on stereochemistry and catalytic processes.