This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It plays a significant role in the development of pharmaceuticals, agrochemicals, and fine chemicals by enabling the production of specific enantiomers with high purity. Its structure allows it to form stable complexes with transition metals, making it effective in asymmetric hydrogenation, carbon-carbon bond formation, and other stereospecific transformations. Additionally, it is employed in the synthesis of advanced materials and chiral catalysts, contributing to innovations in organic chemistry and industrial applications.