This chemical is primarily utilized in the field of organic synthesis, particularly in the development of chiral ligands for asymmetric catalysis. It plays a crucial role in facilitating enantioselective reactions, which are essential for producing pharmaceuticals with high optical purity. The compound's unique structure allows it to effectively coordinate with transition metals, enhancing the efficiency and selectivity of catalytic processes. Additionally, it is employed in the synthesis of complex organic molecules, contributing to advancements in medicinal chemistry and the creation of novel therapeutic agents. Its application extends to materials science, where it aids in the design of chiral materials with potential uses in optoelectronics and nanotechnology.