This compound is primarily utilized as a chiral catalyst or ligand in asymmetric synthesis, particularly in enantioselective reactions. Its unique structure, featuring trifluoromethyl groups and a binaphthyl backbone, enhances its ability to induce chirality in various organic transformations. It is often employed in the synthesis of pharmaceuticals, where the production of single enantiomers is crucial for drug efficacy and safety. Additionally, it finds application in the development of advanced materials and fine chemicals, where precise control over molecular configuration is required. Its thiourea moiety also makes it effective in hydrogen-bonding catalysis, facilitating reactions such as Michael additions and aldol condensations.