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 pharmaceutical research and development, where it aids in the production of chiral intermediates or active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it is employed in organic synthesis for constructing complex molecular architectures with precise stereochemical control, making it valuable in the synthesis of natural products and fine chemicals.