This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of carbon-carbon bonds, such as in asymmetric alkylation reactions, where it helps to induce high enantiomeric excess in the final product. Additionally, it finds application in the synthesis of complex organic molecules, including pharmaceuticals, where the specific spatial arrangement of atoms is essential for biological activity. Its role in facilitating the production of enantiomerically pure compounds makes it valuable in drug development and fine chemical manufacturing.