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, enhancing the enantioselectivity and efficiency of catalytic reactions. This makes it valuable in the production of chiral pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is crucial. Additionally, it has shown potential in the development of advanced materials, such as chiral polymers or catalysts for sustainable chemical processes. Its application extends to research in stereoselective transformations, contributing to innovations in synthetic chemistry.