This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. Its unique structure, featuring a binaphthalene backbone and imidazoline moiety, makes it highly effective as a chiral ligand or catalyst in organic transformations. It is often employed in the synthesis of complex molecules, including pharmaceuticals, where controlling stereochemistry is crucial. Additionally, it finds application in the development of chiral materials and sensors, where its ability to induce asymmetry is leveraged. Its use in research and industrial processes highlights its importance in advancing synthetic methodologies and producing enantiomerically pure compounds.