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 enantiomerically pure drugs, where the biological activity of a compound can be highly dependent on its chirality. Additionally, it finds use in academic research for developing new asymmetric methodologies and studying chiral induction mechanisms.