This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring a rigid bicyclic framework, makes it highly effective in inducing enantioselectivity, which is crucial for producing optically active compounds. It is often employed in the synthesis of pharmaceuticals, where the creation of specific enantiomers is essential for achieving desired biological activity. Additionally, it finds application in the development of advanced materials, where its stereochemical properties can influence the formation of complex molecular architectures. Its role in facilitating precise and efficient transformations underscores its importance in modern synthetic chemistry.