This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst in various organic reactions. Its stereochemistry makes it particularly effective in enantioselective transformations, such as the synthesis of chiral alcohols, amines, and other complex molecules. It is often employed in hydrogenation reactions, where it helps achieve high enantiomeric purity in the final products. Additionally, it finds application in the pharmaceutical industry for the production of active pharmaceutical ingredients (APIs) that require precise stereochemical control. Its stability and selectivity make it a valuable tool in the development of fine chemicals and advanced materials.