Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective transition metal-catalyzed reactions. It is effective in promoting high enantioselectivity in transformations such as asymmetric hydrogenation, carbon-carbon bond formation, and conjugate addition reactions. Its rigid binaphthyl backbone and oxazoline moieties provide a well-defined chiral environment, making it valuable in the synthesis of optically active pharmaceuticals and fine chemicals. Commonly employed with metals like rhodium, ruthenium, and palladium to achieve efficient stereocontrol in complex organic syntheses.