Used as a chiral N-heterocyclic carbene (NHC) precursor in asymmetric catalysis. It plays a key role in enantioselective transformations, particularly in transition-metal-catalyzed reactions such as asymmetric Suzuki-Miyaura coupling and allylic alkylation. The ligand derived from this compound helps induce high enantioselectivity due to its well-defined chiral environment and strong σ-donor properties. Commonly employed in the synthesis of pharmaceuticals and fine chemicals where stereochemical control is critical. Also used in organocatalytic reactions and as a supporting ligand in palladium and nickel complexes.