This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalytic reactions. Its unique structure allows it to effectively coordinate with transition metals, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring higher efficacy and reduced side effects. Additionally, it finds application in the development of advanced materials, where its stereochemical properties can influence the performance and functionality of the final product.