This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. It serves as a chiral ligand or catalyst in organic transformations, enabling the production of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. Its application extends to the synthesis of complex molecules where precise stereochemistry is required, such as in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in research settings to study and optimize catalytic processes, contributing to advancements in synthetic organic chemistry.