This compound is primarily utilized in the field of asymmetric synthesis and catalysis, where it serves as a chiral ligand or catalyst. Its structure makes it effective in facilitating enantioselective reactions, particularly in the production of pharmaceuticals where the desired enantiomer is crucial for efficacy and safety. Additionally, it is employed in the synthesis of complex organic molecules, aiding in the creation of compounds with high optical purity. Its role in these processes underscores its importance in advancing drug development and fine chemical manufacturing.