This compound is primarily used in organic synthesis as a chiral catalyst or ligand. It is particularly effective in asymmetric synthesis, where it helps in the formation of chiral molecules with high enantioselectivity. This makes it valuable in the production of pharmaceuticals, where the chirality of a molecule can significantly impact its biological activity. Additionally, it is employed in the development of novel chemical reactions, aiding researchers in exploring new pathways for synthesizing complex organic compounds. Its unique structure allows it to stabilize transition states and intermediates, enhancing reaction efficiency and selectivity.