This compound is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. Its unique chiral structure makes it an effective ligand in transition metal-catalyzed reactions, enabling the production of optically active compounds with high stereochemical control. It is often employed in hydrogenation, cyclopropanation, and other transformations where precise chiral induction is critical. Additionally, its application extends to the development of pharmaceuticals and fine chemicals, where achieving specific enantiomeric purity is essential for efficacy and safety. Its robust and stable framework also makes it suitable for use in challenging reaction conditions.