Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. Its rigid structure and well-defined stereochemistry make it ideal for coordinating with transition metals like rhodium, ruthenium, and iridium to form catalysts. These catalysts are employed in hydrogenation reactions of prochiral olefins, imines, and ketones, enabling the production of optically active compounds important in pharmaceuticals and fine chemicals. Also utilized in the development of chiral sensors and in resolving racemic mixtures due to its ability to differentiate enantiomers through selective complexation.