This compound is primarily used in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure allows it to effectively coordinate with metal centers, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where the synthesis of chiral drugs often requires high enantioselectivity to ensure the desired biological activity and safety profile. Additionally, it finds application in the development of advanced materials, where its chiral properties can influence the stereochemistry of polymers and other complex molecules, leading to materials with tailored optical and mechanical properties.