This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in metal-catalyzed transformations, such as hydrogenation, carbon-carbon bond formation, and other stereoselective processes. Its binaphthyl structure and methoxymethoxy groups enhance its ability to induce chirality in the products, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it can be used in the development of chiral catalysts for organic synthesis, contributing to the efficient and selective preparation of complex molecules.