This chemical is primarily utilized in advanced organic synthesis, particularly in asymmetric catalysis. It serves as a chiral ligand or catalyst in enantioselective reactions, enabling the production of optically active compounds with high precision. Its application is significant in pharmaceutical research, where it aids in the synthesis of chiral drugs, ensuring the desired stereochemistry for enhanced efficacy and reduced side effects. Additionally, it is employed in the development of novel materials and fine chemicals, where its unique structure contributes to improved selectivity and reaction efficiency.