Used as a chiral ligand in asymmetric synthesis, it plays a crucial role in catalyzing reactions to produce enantiomerically pure compounds, which are essential in pharmaceuticals. It is also employed in the development of advanced materials, such as chiral polymers and liquid crystals, due to its rigid and symmetric structure. Additionally, it finds application in organic electronics, where it enhances the performance of optoelectronic devices. Its unique stereochemistry makes it valuable in the study of molecular recognition and self-assembly processes.