This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. It serves as a chiral ligand in transition metal-catalyzed processes, enabling the production of optically active compounds with high stereochemical control. Its application is significant in the pharmaceutical industry for synthesizing chiral drugs, where precise stereochemistry is crucial for efficacy and safety. Additionally, it is employed in academic research to develop new catalytic methodologies and explore stereoselective transformations.