This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the formation of chiral catalysts for organic transformations, such as hydrogenation, alkylation, and cycloaddition reactions. Its rigid and well-defined structure enhances the stereochemical control of the reaction, leading to high enantiomeric excess in the products. Additionally, it finds applications in the synthesis of pharmaceuticals and fine chemicals, where the production of single enantiomers is essential for biological activity and efficacy. Its stability and effectiveness in various reaction conditions make it a valuable tool in advanced organic chemistry research and industrial processes.