This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure, featuring both phenyl and pyridyl groups, makes it a versatile building block for the development of complex molecules. It is often employed in the synthesis of ligands for catalysis, particularly in asymmetric reactions, due to its ability to form stable complexes with metal ions. Additionally, it finds application in the preparation of biologically active compounds, including potential drug candidates targeting neurological disorders, owing to its ability to interact with specific receptors in the central nervous system. Its role in the development of advanced materials, such as organic light-emitting diodes (OLEDs), is also noteworthy, as it can contribute to the enhancement of electron transport properties in such devices.