This compound is primarily utilized in organic synthesis as a catalyst, particularly in asymmetric reactions due to its chiral structure. It facilitates the formation of complex organic molecules with high enantioselectivity, making it valuable in the production of pharmaceuticals where specific stereochemistry is crucial. Additionally, it is employed in the development of advanced materials, such as chiral polymers or ligands for metal complexes, which are used in catalysis and material science. Its unique structure also makes it a subject of interest in research focused on novel organometallic compounds and their reactivity.