Used as a chiral coordination complex in asymmetric catalysis, particularly in the synthesis of enantiomerically pure compounds. Serves as a precursor in the preparation of other rhodium-based catalysts for hydrogenation and oxidation reactions. Employed in research settings to study stereochemistry and ligand substitution mechanisms in octahedral metal complexes. Its stability and well-defined structure make it valuable in teaching advanced inorganic chemistry concepts, especially in coordination chemistry and optical isomerism.