This compound is primarily utilized in organic synthesis as a chiral auxiliary or ligand in asymmetric catalysis. It is particularly effective in facilitating enantioselective reactions, such as the formation of carbon-carbon or carbon-heteroatom bonds. Its structure allows for the induction of chirality in the synthesis of complex molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it can be used in the development of novel catalysts for stereocontrolled transformations, enhancing the efficiency and selectivity of synthetic processes.