This compound is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand or catalyst in various organic reactions, enabling the production of enantiomerically pure compounds. Its application is particularly significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring high enantiomeric purity and efficacy. Additionally, it is employed in academic research for developing new methodologies in stereoselective synthesis, contributing to advancements in synthetic organic chemistry.