Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective organic transformations. Its rigid structure and well-defined stereochemistry make it effective in coordinating with transition metals like rhodium or iridium, enabling high enantioselectivity in hydrogenation and C–C bond-forming reactions. Commonly applied in the synthesis of pharmaceutical intermediates and fine chemicals where control of stereochemistry is critical. Also explored in the development of chiral sensors and materials for optoelectronic applications due to its stable conformation and electronic properties.