This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in enantioselective reactions, particularly in the formation of chiral centers in organic molecules. Its application is prominent in the pharmaceutical industry, where it aids in the production of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the synthesis of complex natural products and fine chemicals, where precise stereochemical control is essential. Its stability and efficiency make it a valuable tool in advanced organic chemistry research and industrial processes.