This chemical is primarily utilized in the field of asymmetric synthesis, particularly as a chiral catalyst or ligand in organic reactions. Its unique structure allows it to effectively induce chirality in the formation of complex molecules, making it valuable in the production of pharmaceuticals where enantiomeric purity is critical. It is often employed in asymmetric hydrogenation and carbon-carbon bond-forming reactions, contributing to the synthesis of active pharmaceutical ingredients (APIs) with high stereoselectivity. Additionally, its trifluoromethyl groups enhance its stability and reactivity in various catalytic processes, making it a versatile tool in modern synthetic chemistry.