This compound is primarily utilized in the field of asymmetric synthesis, particularly as a chiral ligand in catalytic reactions. Its unique structure allows it to coordinate with transition metals, facilitating the formation of enantioselective catalysts. These catalysts are crucial in producing chiral molecules, which are highly valuable in the pharmaceutical industry for the synthesis of drugs with specific stereochemical requirements. Additionally, it finds application in organic chemistry research for developing new methodologies in stereoselective transformations, enhancing the efficiency and selectivity of complex chemical processes.