This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. It plays a significant role in facilitating enantioselective reactions, which are crucial for producing optically active compounds in pharmaceuticals and fine chemicals. Its unique structure allows for high selectivity and efficiency in catalytic processes, making it valuable in the synthesis of complex molecules. Additionally, it is employed in the development of advanced materials, where its stereochemical properties contribute to the creation of specialized polymers and catalysts with tailored functionalities.