Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective hydrogenation reactions. It is particularly effective in the synthesis of chiral molecules where high enantiomeric excess is required. Commonly employed with rhodium or ruthenium metal centers, it enables the production of optically active intermediates in pharmaceuticals, agrochemicals, and fine chemicals. Its rigid backbone and well-defined stereochemistry enhance selectivity and reaction efficiency, making it valuable in industrial and academic research settings.