This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. It serves as a chiral ligand in transition metal-catalyzed processes, enabling the production of optically active compounds with high selectivity. Its application is significant in the pharmaceutical industry for the synthesis of chiral drugs, where the precise control of stereochemistry is crucial. Additionally, it is employed in the development of advanced materials and fine chemicals, contributing to the creation of complex molecular architectures with specific stereochemical properties.