This chemical is primarily utilized in the field of asymmetric synthesis, particularly as a chiral catalyst or ligand in organic reactions. It is often employed in enantioselective transformations, where it helps in producing specific enantiomers of chiral molecules, which is crucial in the synthesis of pharmaceuticals and fine chemicals. Its structure, featuring a phenanthrene group, enhances its ability to induce stereoselectivity in various catalytic processes, such as asymmetric hydrogenation or carbon-carbon bond formation. Additionally, it finds application in the development of advanced materials and in research focused on understanding chiral induction mechanisms.