This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral ligand in asymmetric synthesis, enabling the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals. Its structure allows for effective coordination with metal catalysts, enhancing the selectivity and efficiency of reactions such as hydrogenation and carbon-carbon bond formation. Additionally, it is employed in the study of enzyme-like catalysis, providing insights into mimicking biological processes for industrial applications. Its role in facilitating stereocontrolled reactions makes it valuable in the synthesis of complex molecules with high precision.