This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of chiral catalysts for organic transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its unique structure enhances the selectivity and efficiency of these processes, making it valuable in the production of pharmaceuticals, fine chemicals, and agrochemicals. Additionally, it is used in research and development to explore new catalytic systems and improve existing methodologies in organic chemistry.