Used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions such as enantioselective hydrogenation and transfer hydrogenation of ketones and imines. Its rigid structure and defined stereochemistry make it effective in inducing high enantioselectivity when coordinated with transition metals like ruthenium or rhodium. Commonly employed in the pharmaceutical industry for the production of chiral amines and alcohols, which are key intermediates in active pharmaceutical ingredients. Also utilized in the development of chiral catalysts for fine chemical synthesis where stereocontrol is critical.