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 transition metal-catalyzed processes, such as hydrogenation, to produce chiral compounds with high optical purity. Its rigid structure and ability to induce stereocontrol make it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is used in the development of advanced materials and as a component in chiral catalysts for organic transformations, enhancing the efficiency and selectivity of complex reactions.