This compound is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral catalyst or ligand in various organic reactions, enabling the production of enantiomerically pure compounds. Its application is especially significant in the pharmaceutical industry, where it aids in the synthesis of chiral drug intermediates, ensuring high stereochemical control. Additionally, it is employed in academic research to study and develop new catalytic methodologies for complex organic transformations.