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 the formation of chiral catalysts for organic transformations, such as hydrogenation, alkylation, and cycloaddition reactions. Its structure, featuring naphthalene and phenyl groups, enhances its ability to induce chirality in the resulting products, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is used in research and development to explore new catalytic processes and improve the efficiency of existing methods.