This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in transition metal-catalyzed reactions. Its unique bicyclic structure and chiral centers make it highly effective in inducing enantioselectivity in various organic transformations. It is commonly employed in hydrogenation reactions, where it helps produce chiral compounds with high optical purity. Additionally, it finds application in cross-coupling reactions, such as the Suzuki-Miyaura and Heck reactions, to synthesize complex molecules with specific stereochemistry. Its role in catalysis is crucial for the production of pharmaceuticals, agrochemicals, and fine chemicals, where precise control over stereochemistry is essential.