This chemical is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst in asymmetric reactions. Its unique stereochemistry and structural rigidity make it highly effective in facilitating enantioselective transformations, particularly in the synthesis of complex organic molecules. It is often employed in catalytic systems for reactions such as hydrogenation, hydroformylation, and carbon-carbon bond formation, where high enantiomeric purity is required. Additionally, its application extends to the development of pharmaceuticals and fine chemicals, where precise control over stereochemistry is critical for achieving desired biological activity and product efficacy.