This compound is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral ligand or catalyst in asymmetric synthesis, enabling the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals and fine chemicals. Its structure is particularly effective in facilitating stereoselective reactions, such as asymmetric hydrogenation or carbon-carbon bond formation, enhancing the efficiency and selectivity of these processes. Additionally, it is employed in research to study and develop new catalytic systems for complex organic transformations.