This chemical is primarily utilized in the field of organic synthesis, particularly in asymmetric catalysis. Its unique structure and stereochemistry make it an effective chiral ligand or catalyst in enantioselective reactions, which are crucial for producing optically active compounds. These compounds are often intermediates in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where specific enantiomers are required for desired biological activity. Additionally, it may be employed in the development of advanced materials, such as chiral polymers or liquid crystals, due to its ability to induce chirality in molecular frameworks. Its application extends to research and development in academic and industrial settings, where it aids in the exploration of novel synthetic pathways and the optimization of catalytic processes.