Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis of pharmaceuticals and fine chemicals. Its rigid backbone and defined stereochemistry make it effective in promoting high enantioselectivity in hydrogenation and transfer hydrogenation reactions. Commonly employed in the development of chiral amines and alcohols, which are key intermediates in drug manufacturing. Also utilized in coordination chemistry to form complexes with transition metals for catalytic applications.