This compound is primarily utilized as a catalyst in various organic synthesis reactions, particularly in the field of asymmetric catalysis. Its unique sterically hindered structure makes it effective in facilitating challenging transformations, such as carbon-carbon bond formation and enantioselective processes. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where precise control over molecular structure and stereochemistry is crucial. Additionally, its stability and reactivity under mild conditions make it a valuable tool in developing efficient and sustainable chemical processes.