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 optically active compounds with high stereochemical control. Its rigid structure and ability to form stable complexes with metals make it effective in enhancing the efficiency and selectivity of these reactions. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise chiral induction is required to achieve desired biological activity or product purity.