Planarchiral 5,11‐disubstiuted dibenzo[a,e]cyclo‐octatetraenes (dbCOTs) have been developed as the first useful chiral homologs to dbCOT‐ligands for asymmetric applications. Methods enabling the preparation of such compounds on a gram‐scale in enantiomerically pure form are described. Evaluated as ligands in rhodium(I)‐catalyzed 1,4‐ and 1,2‐arylation reactions, tertiary and quarternary stereogenic