Used as a chiral auxiliary in asymmetric synthesis, particularly in the preparation of enantiomerically pure compounds. It is employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals where stereoselectivity is crucial. The compound is also utilized in the resolution of racemic mixtures, helping to separate enantiomers for specific applications. Additionally, it serves as a building block in the development of chiral ligands for catalytic processes, enhancing the efficiency and selectivity of chemical reactions.