Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective organic transformations such as aldol reactions, Diels-Alder reactions, and conjugate additions. Its rigid binaphthyl backbone and bulky anthracenyl groups enhance stereocontrol, making it effective for inducing high enantiomeric excess in the synthesis of pharmaceuticals and fine chemicals. Also employed in the development of chiral sensors and materials for circularly polarized luminescence due to its extended aromatic system and inherent chirality.