This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral building block or ligand in catalytic reactions. Its unique structure, featuring three phenyl groups and a chiral center, makes it effective in inducing enantioselectivity in the formation of complex molecules. It is often employed in the synthesis of pharmaceuticals, particularly in the production of chiral drugs where specific enantiomers are required for therapeutic efficacy. Additionally, it finds application in the development of advanced materials and as a resolving agent in the separation of racemic mixtures. Its steric and electronic properties make it a valuable tool in organic chemistry research and industrial processes.