This compound is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral ligand in asymmetric catalysis, particularly in reactions where enantioselectivity is crucial, such as hydrogenation, cyclopropanation, and C-C bond formation. Its rigid bicyclic structure and chiral centers make it effective in controlling the stereochemistry of the products. Additionally, it is employed in the development of novel materials and polymers, where its unique structural properties contribute to the creation of materials with specific optical or mechanical characteristics. In pharmaceutical research, it is explored for its potential in synthesizing chiral intermediates for drug development.