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 optically active compounds in pharmaceuticals and fine chemicals. Its rigid structure and chiral centers make it effective in controlling the stereochemistry of the reaction products. Additionally, it finds use in polymer chemistry as a building block for creating chiral polymers with specific properties for advanced materials. Its application extends to the development of catalysts for organic transformations, enhancing efficiency and selectivity in complex synthetic pathways.