This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a critical role in enantioselective transformations, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its application is significant in the pharmaceutical industry for the synthesis of chiral intermediates or active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it is employed in academic research for developing new methodologies in organic chemistry, enabling the creation of complex molecular structures with precise stereocontrol. Its unique steric and electronic properties make it suitable for challenging asymmetric reactions, enhancing both yield and selectivity.