This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a biphenyl backbone and naphthyl groups, enhances stereoselectivity in processes such as hydrogenation, carbon-carbon bond formation, and cross-coupling reactions. It is especially effective in producing enantiomerically pure compounds, which are crucial in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with high specificity and reduced side effects. Additionally, it finds applications in organic synthesis for constructing complex molecular architectures with precise chiral control.