This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a significant role in facilitating reactions such as the asymmetric epoxidation of alkenes, where it helps produce optically active epoxides with high enantiomeric purity. These epoxides are valuable intermediates in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its robust structure and ability to form stable complexes with transition metals make it suitable for use in various catalytic processes, including hydrogenation and oxidation reactions. Its application extends to the development of advanced materials and coordination chemistry, where it aids in creating well-defined metal complexes for research and industrial purposes.