This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. Its unique structure makes it an effective chiral ligand in transition metal-catalyzed processes, such as hydrogenation, oxidation, and carbon-carbon bond formation. It is often employed in the pharmaceutical industry to synthesize chiral intermediates for active pharmaceutical ingredients (APIs), ensuring high enantiomeric purity. Additionally, it finds application in the development of advanced materials, including liquid crystals and polymers, where its chiral properties can influence material performance. Its role in organic synthesis and material science highlights its versatility and importance in modern chemistry.