This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, where it plays a crucial role in facilitating enantioselective reactions. Its unique structure allows it to effectively coordinate with transition metals, forming catalysts that are highly efficient in producing chiral molecules. These catalysts are particularly valuable in the pharmaceutical industry for the synthesis of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it finds application in organic chemistry research, aiding in the development of novel synthetic pathways and methodologies for complex molecular constructions. Its stability and reactivity make it a preferred choice for chemists aiming to achieve precise stereochemical outcomes in their reactions.