This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a critical role in facilitating reactions such as hydrogenation, allylic alkylation, and Diels-Alder reactions, where it helps produce chiral compounds with high enantiomeric purity. Its application is significant in the pharmaceutical industry for synthesizing enantiomerically pure drugs. Additionally, it is utilized in organic chemistry research for developing novel catalytic processes and studying stereoselective transformations. Its rigid structure and ability to coordinate with metals make it a valuable tool in creating efficient and selective catalysts.