This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is employed in the preparation of pharmaceuticals, agrochemicals, and fine chemicals, helping to produce specific enantiomers with high purity. Additionally, it serves as a key component in the development of chiral catalysts for organic transformations, such as hydrogenation and carbon-carbon bond formation. Its structural stability and ability to induce high enantiomeric excess make it a valuable tool in synthetic organic chemistry.