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 and fine chemicals. Additionally, it has shown potential in the development of advanced materials, such as liquid crystals or polymers, where its stereochemical properties can influence the material's performance. Its application in research and development also extends to studying stereoselective processes and exploring new pathways in synthetic chemistry.