Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective transformations such as hydrogenation, carbon-carbon bond formation, and hydrosilylation reactions. Its rigid, sterically defined structure enhances stereocontrol, making it especially effective in producing single-enantiomer products in pharmaceutical synthesis and fine chemicals. Commonly employed with transition metals like rhodium, ruthenium, and palladium, it enables high catalytic activity and excellent enantioselectivity under mild conditions. Its applications extend to industrial-scale processes where optical purity is critical.