This chemical is primarily utilized in asymmetric synthesis, serving as a chiral ligand or catalyst in various organic reactions. It is particularly effective in enantioselective transformations, such as hydrogenation, oxidation, and carbon-carbon bond-forming reactions. Its rigid binaphthyl structure and bromine substituents enhance its ability to induce high enantioselectivity, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of chiral materials and sensors, where precise stereochemical control is essential.