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 formation of highly enantioselective catalysts. These catalysts are crucial in the production of chiral molecules, which are essential in the pharmaceutical industry for the synthesis of enantiomerically pure drugs. Additionally, it finds application in the development of advanced materials, where its chiral properties can be leveraged to create materials with specific optical characteristics. Its role in facilitating stereocontrolled reactions makes it a valuable tool in the synthesis of complex organic compounds.