This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where it helps in producing enantiomerically pure substances. The compound’s rigid structure and chiral centers make it effective in coordinating with metal catalysts, enhancing their performance in reactions such as hydrogenation, hydroformylation, and cross-coupling. Its application is significant in the development of drugs, agrochemicals, and other compounds requiring high stereochemical control.