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 metal-catalyzed transformations, such as hydrogenation, to produce optically active compounds. Its rigid structure and ability to coordinate with metals make it effective in controlling the stereochemistry of the reaction products. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where high enantiomeric purity is required. Its use extends to academic research for developing new catalytic methodologies and studying reaction mechanisms.