Used in organic synthesis as a chiral auxiliary or reagent, particularly in asymmetric synthesis to induce enantioselectivity. It is valuable in the preparation of complex molecules, including pharmaceuticals, where stereochemistry is critical for biological activity. The compound is often employed in peptide synthesis and boron-mediated transformations, such as Suzuki-Miyaura cross-coupling reactions, due to its ability to stabilize intermediates and control reaction pathways. Its trifluoroacetic acid component enhances solubility and reactivity in various organic solvents, making it versatile in laboratory applications.