This chemical is primarily used as a chiral auxiliary or ligand in asymmetric synthesis, particularly in the formation of enantiomerically pure compounds. It plays a significant role in catalyzing stereoselective reactions, such as asymmetric hydrogenation, cyclopropanation, and Diels-Alder reactions, which are crucial in the production of pharmaceuticals and fine chemicals. Its rigid structure and chiral centers make it highly effective in inducing high enantioselectivity, ensuring the desired stereochemistry in the final product. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and bioactive compounds, where precise control over stereochemistry is essential. Its application extends to materials science, where it aids in the development of chiral polymers and advanced materials with specific optical properties.