Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective transformations such as hydrogenation, allylic alkylation, and conjugate addition reactions. Its rigid binaphthalene backbone and oxazoline moieties provide excellent stereocontrol, making it valuable in the synthesis of optically active pharmaceuticals and fine chemicals. It is particularly effective when coordinated with transition metals like palladium, rhodium, or nickel, enhancing catalytic efficiency and enantioselectivity. Due to its strong chiral induction properties, it supports the development of single-enantiomer compounds in drug discovery and advanced organic synthesis.