Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective transformations. It is particularly effective in transition metal-catalyzed reactions such as asymmetric hydrogenation and carbon-carbon bond-forming reactions. Due to its rigid binaphthyl backbone and chiral oxazoline moieties, it provides excellent stereocontrol, leading to high enantiomeric excess in products. Commonly employed with metals like rhodium, ruthenium, and palladium, it enables the synthesis of optically active pharmaceuticals, agrochemicals, and fine chemicals. Its stability under various reaction conditions makes it suitable for both academic research and industrial applications in stereoselective synthesis.