This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce enantiomerically pure compounds. Its robust structure and ability to form stable complexes with metals make it valuable in pharmaceutical synthesis, where precise stereochemistry is crucial for drug efficacy. Additionally, it finds applications in the development of advanced materials and as a component in chiral catalysts for organic transformations.