This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the preparation of pharmaceuticals, agrochemicals, and fine chemicals, where the production of a specific enantiomer is essential for biological activity. Its application extends to the development of chiral catalysts, which are critical in producing optically active compounds with high purity. Additionally, it is utilized in research and development for studying stereochemistry and optimizing reaction conditions to achieve desired enantiomeric outcomes.