Used as a chiral catalyst or chiral ligand in asymmetric synthesis, enabling high enantioselectivity in organic transformations such as phosphorylation reactions and carbon–carbon bond-forming reactions. Its binaphthyl backbone with bulky anthracenyl groups provides a rigid, sterically hindered environment that enhances stereochemical control. Commonly applied in the synthesis of enantiomerically pure pharmaceuticals and fine chemicals. Also employed in advanced materials research due to its extended π-conjugated system, contributing to chiral optical properties useful in OLEDs and molecular recognition systems.