This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. It plays a significant role in facilitating enantioselective reactions, which are crucial for producing pharmaceuticals and fine chemicals with high optical purity. Its unique structure allows it to effectively coordinate with metal centers, enhancing the selectivity and efficiency of catalytic processes. Additionally, it is employed in the development of advanced materials, where its stereochemical properties contribute to the creation of specialized polymers and catalysts with tailored functionalities.