This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its application is prominent in the pharmaceutical industry for the production of chiral intermediates, which are essential for synthesizing active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it is employed in academic and industrial research for developing novel catalytic processes and exploring new synthetic pathways. Its robust structure and ability to induce high stereoselectivity make it a valuable tool in organic chemistry.