This chemical is primarily utilized in the field of organic synthesis, particularly in the development of chiral catalysts. Its unique structure makes it effective in asymmetric synthesis, where it aids in the production of enantiomerically pure compounds. These compounds are crucial in the pharmaceutical industry for creating drugs with specific desired activities and reduced side effects. Additionally, it is employed in the study of phosphorus-containing heterocycles, contributing to advancements in material science and coordination chemistry. Its applications also extend to research in stereoselective reactions, enhancing the efficiency and selectivity of chemical processes.