This compound is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation and carbon-carbon bond formation. Its ability to induce chirality makes it valuable in the production of enantiomerically pure pharmaceuticals and fine chemicals. Additionally, it is employed in coordination chemistry to form stable complexes with transition metals, enhancing catalytic efficiency and selectivity in organic transformations. Its structural rigidity and chelating properties also make it useful in the development of advanced materials and molecular recognition systems.