This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst. It is particularly effective in facilitating enantioselective reactions, which are crucial for producing pharmaceuticals with specific stereochemistry. The compound's ability to induce high enantiomeric excess makes it valuable in the synthesis of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is employed in academic and industrial research to develop new methodologies for chiral molecule construction, enhancing the efficiency and selectivity of synthetic routes. Its robust structure and stereochemical control also make it a candidate for use in material science, particularly in the development of chiral polymers or catalysts for specialized applications.