This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to facilitate the formation of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. The compound's ability to induce stereoselectivity makes it valuable in processes such as hydrogenation, allylation, and carbon-carbon bond formation. Additionally, it is employed in the development of advanced materials, where its stereochemical properties can influence the performance and functionality of the final product. Its application extends to research and development, where it aids in the study of stereochemistry and reaction mechanisms.