This chemical is primarily utilized in asymmetric synthesis, particularly as a chiral ligand or catalyst in organic reactions. It is effective in promoting enantioselective transformations, such as the addition of organozinc reagents to aldehydes, leading to the production of chiral alcohols. Its chiral structure makes it valuable in the synthesis of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is critical. Additionally, it finds use in the preparation of chiral polymers and materials with specific optical properties, contributing to advancements in materials science.