This compound is primarily utilized in the synthesis of chiral ligands and catalysts in asymmetric organic reactions. It plays a significant role in enantioselective transformations, such as hydrogenation and carbon-carbon bond formation, which are critical in the production of pharmaceuticals and fine chemicals. Its chiral structure allows for the creation of highly specific and efficient catalysts, enhancing the yield and purity of desired enantiomers. Additionally, it is employed in research and development for designing novel therapeutic agents, particularly in the field of medicinal chemistry, where stereochemistry is crucial for biological activity.