This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for metal complexes. It plays a significant role in enantioselective reactions, such as hydrogenation and carbon-carbon bond formation, which are critical in the production of pharmaceuticals and fine chemicals. Its chiral structure allows for the precise control of stereochemistry, enabling the synthesis of optically active compounds with high selectivity. Additionally, it is employed in research focused on the design of novel catalysts for organic transformations, contributing to advancements in green chemistry and sustainable industrial processes.