This compound is primarily utilized in the field of organic synthesis, where it serves as a chiral ligand in asymmetric catalysis. Its unique structure allows it to effectively induce stereoselectivity in various chemical reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. This makes it valuable in the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for developing drugs with specific biological activities. Additionally, its application extends to materials science, where it aids in the synthesis of chiral polymers and advanced materials with tailored properties.