This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure enables it to effectively coordinate with metal centers, facilitating the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where the synthesis of single-enantiomer drugs is critical for ensuring efficacy and reducing side effects. Additionally, it finds application in the development of advanced materials, where its stereochemical properties can influence the formation of specific molecular architectures. Its role in promoting high selectivity and yield in catalytic reactions makes it a valuable tool in both academic research and industrial processes.