This compound is primarily utilized in the synthesis of chiral catalysts and ligands, which are essential in asymmetric synthesis. Its structure, featuring a chiral center and bulky tert-butyl groups, makes it highly effective in inducing enantioselectivity in various organic reactions, such as hydrogenation and carbon-carbon bond formation. It is also employed in the development of pharmaceutical intermediates, where precise control over stereochemistry is crucial for producing biologically active molecules. Additionally, it finds application in materials science for designing advanced polymers with specific optical properties. Its unique steric and electronic characteristics contribute to its versatility in both industrial and academic research settings.