This compound is widely utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, oxidation, and carbon-carbon bond formation. Its ability to induce chirality makes it valuable in the production of enantiomerically pure pharmaceuticals and fine chemicals. It is also employed in the development of chiral catalysts and materials, enhancing the efficiency and selectivity of various chemical processes. Additionally, it finds applications in the synthesis of advanced organic compounds and in research focused on stereochemistry and molecular recognition.