This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic processes where high enantioselectivity is required. It plays a significant role in the development of pharmaceuticals, enabling the production of enantiomerically pure compounds, which are crucial for drug efficacy and safety. Additionally, it is employed in the synthesis of advanced materials, where its stereochemical properties contribute to the creation of specialized polymers and catalysts with enhanced performance characteristics. Its robust structure and chiral nature make it a valuable component in organic chemistry research and industrial applications.