This chemical is primarily used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. It is often employed in the formation of carbon-carbon bonds, such as in asymmetric hydrogenation, alkylation, and Diels-Alder reactions. Its bulky naphthyl groups and rigid dioxolane structure make it effective in inducing stereochemical control, leading to the production of chiral compounds with high optical purity. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise stereochemistry is critical for biological activity or material properties. Its use is also explored in the development of advanced materials, such as chiral polymers or catalysts for organic transformations.