This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand or catalyst. Its unique stereochemistry makes it valuable in facilitating enantioselective reactions, particularly in the production of pharmaceuticals and fine chemicals. The compound is often employed in metal-catalyzed processes, such as hydrogenation or carbon-carbon bond formation, to achieve high enantiomeric purity in the final products. Additionally, its structural rigidity and ability to induce chirality make it a useful tool in the development of novel catalytic systems for organic synthesis. Researchers also explore its potential in creating chiral materials or as a building block for more complex molecular architectures.