This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It plays a crucial role in the formation of chiral centers in organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Its application extends to transition metal-catalyzed processes, such as hydrogenation and cross-coupling reactions, where it enhances the efficiency and selectivity of the catalyst. Additionally, it is used in the development of advanced materials and in research focused on stereochemistry and catalysis.