This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the formation of carbon-carbon or carbon-heteroatom bonds, which are crucial in the production of pharmaceuticals and fine chemicals. Its application is prominent in organic transformations such as hydrogenation, cyclopropanation, and other stereospecific reactions, where high enantiomeric purity is required. The compound’s rigid structure and chiral environment make it effective in controlling the stereochemistry of the reaction products, ensuring the desired enantiomer is obtained with high selectivity.