This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It plays a crucial role in the formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in the production of pharmaceuticals and fine chemicals. Its sterically hindered and electron-deficient structure enhances its ability to induce asymmetry in metal-catalyzed reactions, such as hydrogenation, alkylation, and cycloaddition processes. Additionally, it is employed in the development of chiral catalysts for the synthesis of complex organic molecules with specific stereochemical configurations, contributing to advancements in drug discovery and material science.