This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is commonly employed in the formation of chiral catalysts for organic transformations, such as asymmetric hydrogenation, carbon-carbon bond formation, and oxidation reactions. Its rigid structure and steric properties make it effective in inducing high enantiomeric excess in the products. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise control over stereochemistry is essential. Its use extends to materials science, where it aids in the development of chiral polymers and advanced materials with specific optical properties.