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, enabling 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 minimizing side effects. Additionally, it finds application in the development of advanced materials, where its chiral properties can influence the optical and electronic characteristics of the final product. Its role in facilitating stereoselective reactions makes it a key component in the synthesis of complex organic molecules with high precision.