This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral auxiliary or ligand in catalytic reactions. Its unique structure, featuring three phenyl groups, a hydroxyl group, and an amino group, makes it effective in inducing chirality in organic transformations, particularly in the synthesis of enantiomerically pure compounds. It is often employed in the preparation of pharmaceuticals, where the control of stereochemistry is crucial for the efficacy and safety of the drug. Additionally, it finds use in the development of chiral catalysts for various organic reactions, including hydrogenation and carbon-carbon bond formation. Its role in these processes highlights its importance in producing high-value chemicals with specific stereochemical requirements.