This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst in asymmetric reactions. It plays a significant role in facilitating enantioselective transformations, which are crucial for producing optically active compounds in pharmaceuticals and fine chemicals. Its structural features make it effective in coordinating with metal centers, enhancing the efficiency and selectivity of catalytic processes. Additionally, it is explored in the development of novel materials and in research focused on understanding stereochemical control in complex organic reactions.