This compound is primarily used in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal complexes. Its structure allows it to effectively induce chirality in various chemical reactions, making it valuable in the production of enantiomerically pure pharmaceuticals and fine chemicals. It is also employed in organic synthesis for the preparation of complex molecules with high stereochemical control. Additionally, it finds application in research settings for studying stereoselective transformations and developing new catalytic systems.