This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the formation of carbon-carbon and carbon-heteroatom bonds, enabling the production of optically active compounds. Its application is prominent in pharmaceutical manufacturing, where it aids in the synthesis of chiral drugs, ensuring high enantiomeric purity. Additionally, it is employed in organic chemistry research for developing novel catalytic systems and studying stereochemical outcomes in complex reactions.