This compound is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It plays a significant role in the development of pharmaceuticals, enabling the production of single-enantiomer drugs, which are often more effective and have fewer side effects. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and fine chemicals, where precise control over stereochemistry is crucial. Its application extends to materials science, where it is used in the design of chiral polymers and catalysts for advanced material synthesis.