This chemical is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst. It is particularly effective in facilitating enantioselective reactions, which are crucial for producing compounds with high optical purity. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring the desired enantiomer is produced with minimal side effects. Additionally, it is employed in organic chemistry research for developing novel synthetic pathways and methodologies, contributing to advancements in the synthesis of complex organic molecules.