Used primarily in organic synthesis as a chiral ligand or catalyst, this compound facilitates asymmetric reactions, particularly in the formation of carbon-carbon or carbon-heteroatom bonds. Its unique structure allows for high enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals where stereochemistry is critical. Additionally, it finds application in the development of advanced materials, where its stereochemical properties can influence the performance of polymers or other complex molecules. Its role in catalysis often enhances reaction efficiency and selectivity, reducing the need for extensive purification steps.