This chemical is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique structure makes it effective in asymmetric synthesis, particularly in reactions where enantioselectivity is crucial, such as the production of pharmaceuticals or fine chemicals. It can be employed in catalytic processes like hydrogenation, oxidation, or carbon-carbon bond formation, where it helps control the stereochemistry of the final product. Additionally, its stability and reactivity make it suitable for use in complex multi-step synthetic pathways, ensuring high yields and purity of the desired enantiomers.