This chemical is primarily utilized in the field of organic synthesis, particularly in asymmetric catalysis. It serves as a chiral ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its application is crucial in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring high enantioselectivity and efficiency. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise control over stereochemistry is essential. Its unique structure and properties make it a valuable tool for researchers aiming to achieve complex molecular transformations with high selectivity.