BINOL is a chiral ligand. A ligand is a molecule that can bond to a central metal atom and influence its reactivity. In this case, BINOL imparts chirality to the catalyst. Chirality is a property related to molecular symmetry and can be thought of as "handedness." Chiral compounds are essential in asymmetric synthesis, as they enable the formation of single enantiomers (mirror-image isomers) of a product, which is important in the pharmaceutical and agrochemical industries.
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