Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective hydrogenation and transfer hydrogenation reactions. Its sterically hindered structure and well-defined chiral environment make it effective in promoting high enantioselectivity when paired with transition metals like ruthenium or rhodium. Commonly applied in the synthesis of chiral amines and alcohols, which are key intermediates in pharmaceuticals and fine chemicals. Also utilized in organocatalytic transformations where a robust chiral scaffold is required to induce asymmetry in the product.