This compound is primarily utilized in the field of asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the synthesis of complex organic molecules where the control of stereochemistry is crucial. Its application is prominent in pharmaceutical research, where it aids in the production of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to innovations in catalysis and chemical manufacturing processes.