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 formation of chiral catalysts for hydrogenation, reduction, and other stereospecific transformations, enabling the production of optically active compounds in pharmaceuticals and fine chemicals. Its rigid structure and ability to coordinate with metals make it valuable in creating highly selective catalysts for organic synthesis. Additionally, it finds use in research and development for exploring new catalytic processes and optimizing reaction conditions to achieve high enantiomeric purity in target molecules.