This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral compounds. It serves as a key ligand in transition metal-catalyzed reactions, enabling the production of enantiomerically pure substances, which are crucial in pharmaceuticals and fine chemicals. Its rigid and sterically demanding structure enhances selectivity and efficiency in various organic transformations, such as hydrogenation and cross-coupling reactions. Additionally, it finds application in the development of advanced materials, including chiral polymers and supramolecular assemblies, due to its ability to induce specific spatial arrangements. Its role in academic research is also significant, aiding in the exploration of new catalytic processes and mechanistic studies.