This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in the synthesis of enantiomerically pure compounds. It plays a significant role in facilitating enantioselective reactions, such as the asymmetric epoxidation of alkenes, which is crucial in the production of pharmaceuticals and fine chemicals. Its robust structure and ability to form stable complexes with transition metals make it highly effective in controlling the stereochemistry of reactions. Additionally, it is employed in the development of advanced materials and as a component in catalytic systems for organic transformations, enhancing both efficiency and selectivity.