This chemical is primarily utilized in the field of asymmetric synthesis and catalysis. It serves as an effective chiral ligand in various transition metal-catalyzed reactions, particularly in enantioselective transformations. Its rigid structure and ability to induce chirality make it valuable in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals. Additionally, it is employed in the development of novel catalytic systems for carbon-carbon and carbon-heteroatom bond formation, enhancing the efficiency and selectivity of these processes. Its application extends to academic research, where it aids in exploring new methodologies for stereocontrolled synthesis.