Used as a chiral ligand in asymmetric synthesis, particularly in enantioselective catalysis. Its rigid structure and ability to form stable complexes with transition metals make it valuable in hydrogenation and transfer hydrogenation reactions, especially for producing chiral amines and alcohols. Commonly employed in pharmaceutical synthesis where high enantiomeric purity is required. Also utilized in the development of chiral catalysts for fine chemical manufacturing due to its effectiveness in inducing stereochemical control.