This compound is primarily utilized in the field of organic synthesis, particularly as a chiral catalyst or reagent in asymmetric reactions. Its unique structure allows it to facilitate the formation of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. The compound's stereochemistry and stability make it effective in enhancing the selectivity and efficiency of complex synthetic processes. Additionally, it is explored in the development of advanced materials and as a potential component in the study of molecular recognition and supramolecular chemistry.