This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its unique structure allows it to effectively induce chirality in the formation of complex organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, particularly in the design of chiral polymers and catalysts that require high enantioselectivity. Its application extends to research in stereochemistry, aiding in the study of chiral interactions and the development of new synthetic methodologies.