This chemical is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis. It serves as a key chiral ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds with high selectivity. Its application is significant in pharmaceutical manufacturing, where it aids in the synthesis of chiral drugs and intermediates. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to improved efficiency and precision in chemical processes.