This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its application is prominent in the pharmaceutical industry for the synthesis of chiral drugs, where achieving high enantiomeric purity is critical. Additionally, it is employed in organic chemistry research for developing novel synthetic methodologies and optimizing stereoselective transformations. Its unique structure allows for precise control over reaction stereochemistry, making it valuable in the production of complex molecules with specific chiral configurations.