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, allylic alkylation, and cyclopropanation, to produce optically active compounds with high stereochemical control. Its rigid structure and ability to coordinate with metals make it effective in creating chiral environments, which are essential for synthesizing pharmaceuticals, agrochemicals, and fine chemicals with specific stereochemistry. Additionally, it is used in academic and industrial research to develop new methodologies for asymmetric catalysis, contributing to advancements in synthetic organic chemistry.