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 steric 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 for synthesizing chiral drugs, where the biological activity often depends on the correct stereochemistry. Additionally, it finds use in academic research for developing new catalytic methodologies and exploring stereochemical outcomes in organic transformations.