This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure makes it effective in facilitating enantioselective reactions, which are crucial for producing chiral molecules with high optical purity. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where the control of stereochemistry is essential. Additionally, its application extends to the development of advanced materials and catalysts, contributing to innovations in industrial chemistry and research.