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, allylic alkylation, and Diels-Alder reactions, to produce chiral molecules with high optical purity. Its rigid structure and ability to coordinate with metals make it effective in controlling the stereochemistry of the reaction products. Additionally, it finds use in the synthesis of pharmaceuticals and fine chemicals, where the production of specific enantiomers is essential for biological activity or regulatory compliance. Its application extends to academic research for developing new methodologies in asymmetric catalysis.