This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. Its unique stereochemical structure makes it an effective chiral ligand in transition metal-catalyzed reactions, particularly in enantioselective transformations. It is often employed in the synthesis of complex organic molecules, including pharmaceuticals, where high enantiomeric purity is crucial. Additionally, it finds application in the development of advanced materials, such as chiral polymers or frameworks, which are used in sensors, separation technologies, and optoelectronics. Its robust and rigid backbone also makes it suitable for stabilizing reactive intermediates in catalytic cycles, enhancing reaction efficiency and selectivity.