This compound is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as a chiral ligand in various organic reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its structure allows it to effectively induce stereoselectivity, making it valuable in the production of enantiomerically pure compounds, which are crucial in pharmaceuticals and fine chemicals. Additionally, it is employed in the synthesis of complex molecules where precise control over stereochemistry is required. Its application extends to the development of novel catalysts that enhance reaction efficiency and selectivity in industrial processes.