This compound is primarily utilized in asymmetric catalysis, particularly in the synthesis of chiral molecules. It serves as a key ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure compounds. Its application is significant in the pharmaceutical industry, where it aids in the development of chiral drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the fine chemicals sector for the synthesis of complex organic molecules with high stereoselectivity. The compound's unique structure, featuring trifluoromethyl groups, enhances its stability and reactivity in various catalytic processes, making it a valuable tool in advanced organic synthesis.