This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals where specific stereochemistry is crucial. Its application extends to the synthesis of complex organic molecules, enabling the creation of compounds with high optical purity. Additionally, it is employed in the development of advanced materials and fine chemicals, where precise control over molecular structure is essential. Its unique chiral properties make it valuable in research and industrial processes aimed at achieving high selectivity and efficiency in chemical transformations.