Used as a chiral auxiliary in asymmetric synthesis, it helps in the formation of enantiomerically pure compounds. It is also employed in the resolution of racemic mixtures, enabling the separation of enantiomers for pharmaceutical applications. Additionally, it serves as a building block in the synthesis of complex organic molecules, particularly in the development of drugs and fine chemicals. Its role in catalysis and as a ligand in coordination chemistry further enhances its utility in organic transformations.