This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its unique structure allows it to effectively induce chirality in the synthesis of complex organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, particularly in the creation of chiral polymers and catalysts that require precise stereochemical control. Its stability and selectivity make it a preferred choice for researchers aiming to achieve high enantiomeric purity in their products.