This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to effectively induce chirality in the synthesis of complex molecules, making it valuable in the production of pharmaceuticals, particularly in the development of enantiomerically pure drugs. Additionally, it is employed in the preparation of advanced materials and fine chemicals, where precise control over molecular configuration is critical. Its application extends to research settings, where it aids in studying stereochemical processes and developing new catalytic methodologies.