This compound is primarily utilized in the field of organic synthesis, particularly in the development of chiral catalysts and intermediates. It plays a significant role in asymmetric synthesis, where it aids in the creation of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals. Its structure allows it to act as a ligand in metal-catalyzed reactions, enhancing the efficiency and selectivity of these processes. Additionally, it is employed in the synthesis of complex organic molecules, contributing to advancements in medicinal chemistry and drug discovery.