This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its structure, featuring multiple functional groups, makes it effective in asymmetric synthesis, particularly in reactions that require high enantioselectivity. It is often employed in the formation of carbon-carbon or carbon-heteroatom bonds, aiding in the production of complex molecules with specific stereochemistry. Additionally, its ability to coordinate with metal ions enhances its use in metal-catalyzed reactions, contributing to the development of pharmaceuticals, agrochemicals, and fine chemicals. Its stability and selectivity make it a valuable tool in advanced synthetic chemistry applications.