This compound is primarily utilized in asymmetric catalysis, where it serves as an effective chiral ligand or organocatalyst. It is particularly valuable in enantioselective synthesis, enabling the production of chiral molecules with high selectivity. Its application is prominent in the synthesis of pharmaceuticals, where the precise control of stereochemistry is crucial for drug efficacy and safety. Additionally, it is employed in the development of fine chemicals and agrochemicals, contributing to the creation of compounds with enhanced biological activity. Its unique structure allows for efficient binding to metal centers or substrates, facilitating complex transformations in organic synthesis.