This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. It plays a crucial role in facilitating enantioselective reactions, which are essential for producing optically active compounds in pharmaceuticals and fine chemicals. Its unique structure allows it to effectively coordinate with metal centers, enhancing the selectivity and efficiency of catalytic processes. Additionally, it is employed in the development of advanced materials, where its chiral properties contribute to the creation of specialized polymers and supramolecular assemblies with specific optical characteristics. Its application in these areas underscores its importance in the synthesis of complex molecules and functional materials.