This compound is primarily utilized in the field of asymmetric catalysis, particularly in enantioselective synthesis. It serves as a chiral ligand or catalyst in various organic reactions, enabling the production of optically active compounds. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of chiral drugs, ensuring high enantiomeric purity. Additionally, it is employed in academic research for developing novel catalytic methodologies and studying stereochemical outcomes in complex reactions. Its unique structure allows for fine-tuning of catalytic activity, making it a valuable tool in synthetic organic chemistry.