Used primarily as a chiral ligand in asymmetric synthesis, this compound plays a key role in catalyzing enantioselective reactions. Its rigid structure and stereochemistry make it valuable in the development of pharmaceutical intermediates where high enantiomeric purity is required. It is also employed in coordination chemistry to form stable complexes with transition metals, which are then used as catalysts in hydrogenation and other transformation reactions. Due to its ability to influence stereochemical outcomes, it finds application in research and development of fine chemicals and active pharmaceutical ingredients.