This compound is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral amine ligand or building block in the development of enantioselective catalysts, which are crucial for producing chiral molecules in pharmaceuticals and fine chemicals. Its naphthalene moiety enhances its ability to interact with metal centers, making it effective in catalytic processes like hydrogenation and C-C bond formation. Additionally, it finds application in the synthesis of biologically active compounds, particularly in the creation of drugs targeting neurological disorders, where chirality plays a significant role in efficacy and safety.