Used as a chiral auxiliary in asymmetric synthesis to induce enantioselectivity in organic reactions. It is particularly valuable in the preparation of pharmaceuticals and fine chemicals where precise stereochemistry is crucial. Also employed as a resolving agent to separate racemic mixtures into their individual enantiomers. Its rigid bicyclic structure makes it effective in stabilizing transition states during catalytic processes. Additionally, it finds application in the development of chiral ligands for metal-catalyzed reactions, enhancing the efficiency and selectivity of these processes.