This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure allows it to effectively coordinate with metal centers, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where the synthesis of single-enantiomer drugs is critical for efficacy and safety. Additionally, it finds applications in the development of advanced materials, where its stereochemical properties can influence the assembly and performance of molecular structures. Its role in enhancing the selectivity and efficiency of catalytic processes makes it a valuable tool in both academic research and industrial applications.