This compound is primarily utilized 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, enhancing the enantioselectivity of catalytic reactions. This makes it valuable in the production of optically active compounds, which are essential in the pharmaceutical industry for the synthesis of drugs with specific stereochemical requirements. Additionally, its application extends to the development of advanced materials where precise control over molecular architecture is crucial.