This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique stereochemistry and structural features make it effective in asymmetric catalysis, particularly in reactions where enantioselectivity is crucial, such as hydrogenation or carbon-carbon bond formation. It is also explored in the development of pharmaceutical intermediates, where its ability to induce specific chiral configurations is valuable for producing optically active compounds. Additionally, it may find applications in material science for designing advanced polymers or ligands with tailored properties.