This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure allows it to effectively coordinate with metal centers, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where the synthesis of chiral drugs often requires high enantioselectivity. Additionally, it finds application in the development of advanced materials, where its stereochemical properties can influence the formation of specific molecular architectures. Its role in facilitating precise chemical transformations makes it a critical component in research and industrial processes aimed at creating complex, high-value molecules.