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 optically active compounds in pharmaceuticals and fine chemicals. Its robust structure and chiral environment make it suitable for applications in hydrogenation, carbon-carbon bond formation, and other catalytic processes. Additionally, it is employed in the development of advanced materials and in research focused on understanding chiral induction mechanisms.