This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal complexes. Its unique structure, featuring a binaphthol core with triphenylsilyl groups, enhances stereoselectivity in various organic reactions, such as hydrogenation, allylic alkylation, and Diels-Alder reactions. It is also employed in the synthesis of enantiomerically pure compounds, which are crucial in pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it serves as a chiral auxiliary in the preparation of complex molecules, enabling precise control over stereochemistry. Its stability and steric properties make it a valuable tool in advanced synthetic methodologies.