This chemical is primarily utilized in advanced organic synthesis, particularly in asymmetric catalysis. It serves as a chiral ligand or catalyst in enantioselective reactions, enabling the production of optically active compounds with high precision. Its application is significant in pharmaceutical research, where it aids in the synthesis of chiral drugs, ensuring the desired stereochemistry for enhanced efficacy and reduced side effects. Additionally, it is employed in material science for the development of specialized polymers and advanced materials with tailored properties. Its unique structure and reactivity make it a valuable tool in complex chemical transformations.