Used as a chiral ligand in asymmetric catalysis, particularly in reactions like hydrogenation, where it helps produce enantiomerically pure compounds. Its structure allows for effective coordination with transition metals, enhancing selectivity in organic synthesis. Applied in the pharmaceutical industry for synthesizing chiral drugs, ensuring high enantiomeric purity. Also utilized in material science for developing chiral materials with specific optical properties. Its unique binaphthyl and phenanthroline components contribute to its stability and efficiency in catalytic processes.