This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in the field of organic chemistry. It serves as a chiral ligand in metal-catalyzed reactions, enabling the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals and fine chemicals. Its dibromo substitution enhances its electron-withdrawing properties, making it effective in stabilizing transition states during catalytic cycles. Additionally, it is employed in the synthesis of chiral polymers and materials, contributing to advancements in materials science and nanotechnology.