This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce chiral molecules with high optical purity. Its rigid structure and stereochemical properties make it effective in controlling the spatial arrangement of reactants, leading to the formation of specific enantiomers. This is especially valuable in the pharmaceutical industry, where the synthesis of enantiomerically pure drugs is essential for efficacy and safety. Additionally, it finds application in the development of advanced materials and fine chemicals, where precise stereochemical control is required.