This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. It plays a crucial role in facilitating enantioselective reactions, which are essential for producing optically active compounds in pharmaceuticals and fine chemicals. Its unique structure allows it to effectively coordinate with transition metals, enhancing the selectivity and efficiency of catalytic processes. Additionally, it is employed in the development of advanced materials, where its stereochemical properties contribute to the creation of highly specialized polymers and molecular assemblies.