It is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as hydrogenation, alkylation, and epoxidation. Its ability to induce chirality makes it valuable in the production of enantiomerically pure compounds, which are essential in pharmaceuticals and fine chemicals. Additionally, it serves as a key component in the development of chiral catalysts and reagents for organic transformations. Its structural rigidity and bifunctional nature enhance its effectiveness in creating highly selective and efficient catalytic systems.