This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to facilitate enantioselective transformations, making it valuable in the production of pharmaceuticals where specific stereochemistry is crucial. It is often employed in the synthesis of complex molecules, such as active pharmaceutical ingredients (APIs), ensuring high enantiomeric purity. Additionally, its application extends to research and development in medicinal chemistry, where it aids in the creation of novel compounds with potential therapeutic effects.