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 with high enantiomeric excess. Its rigid structure and specific stereochemistry make it effective in controlling the spatial arrangement of reactants, leading to the formation of desired chiral products. This compound is especially valuable in the pharmaceutical industry for synthesizing enantiomerically pure drugs and intermediates, ensuring higher efficacy and reduced side effects. Additionally, it finds application in academic research for developing new asymmetric methodologies and studying chiral induction mechanisms.