Used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the formation of chiral centers in organic compounds, making it valuable in pharmaceutical manufacturing for producing enantiomerically pure drugs. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise control over molecular structure is essential. Its application extends to research in stereochemistry, aiding in the study of chiral induction and molecular recognition processes.