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 induce chirality in various chemical reactions, making it valuable for producing enantiomerically pure compounds. These compounds are essential in the pharmaceutical industry, where the specific spatial arrangement of molecules can significantly influence the efficacy and safety of drugs. Additionally, it finds application in the development of advanced materials, where precise control over molecular architecture is crucial for achieving desired properties. Its role in facilitating stereoselective transformations underscores its importance in modern synthetic chemistry.