This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, carbon-carbon bond formation, and oxidation reactions, to produce chiral compounds with high enantiomeric purity. Its unique binaphthyl structure and methoxymethoxy groups enhance its ability to induce asymmetry, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it serves as a chiral resolving agent in the separation of racemic mixtures, contributing to the production of optically pure substances.