This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure enables it to effectively coordinate with transition metals, making it valuable in enantioselective reactions. It is often employed in the synthesis of complex molecules where high stereochemical control is required, such as in the production of pharmaceuticals and fine chemicals. Additionally, its application extends to the development of advanced materials, where its chiral properties can influence the morphology and functionality of the resulting products.