This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral catalyst or ligand. Its unique structure allows it to induce enantioselectivity in various organic reactions, particularly in the synthesis of complex molecules with high optical purity. It is often employed in pharmaceutical research to produce enantiomerically pure drugs, ensuring enhanced efficacy and reduced side effects. Additionally, it finds application in the development of advanced materials and fine chemicals, where precise control over stereochemistry is crucial. Its trifluoromethyl groups contribute to its stability and reactivity, making it a valuable tool in modern synthetic chemistry.