This compound is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as an effective chiral catalyst or ligand in enantioselective reactions, particularly in the synthesis of complex organic molecules. Its unique structure allows for precise control over stereochemistry, making it valuable in the production of pharmaceuticals and fine chemicals where specific enantiomers are required. Additionally, it can be employed in the development of chiral stationary phases for chromatographic separation of enantiomers, aiding in the purification and analysis of chiral compounds. Its application extends to research in organic chemistry, where it is used to study and optimize asymmetric transformations.