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 metal-catalyzed transformations, such as hydrogenation, to produce optically active compounds with high stereochemical purity. Its rigid structure and ability to coordinate with transition metals make it effective in controlling the spatial arrangement of reactants, leading to the formation of specific enantiomers. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise stereochemistry is essential for biological activity. Its use in organic synthesis also extends to the preparation of complex molecules in academic and industrial research settings.