This compound, known as (S)-Jørgensen's catalyst, is a chiral organocatalyst widely used in asymmetric synthesis for reactions requiring high enantioselectivity, such as aldol additions, Michael additions, Friedel-Crafts alkylations, and epoxidations. It plays a key role in pharmaceutical production by facilitating the synthesis of enantiomerically pure intermediates and active compounds. Additionally, it is utilized in research to optimize stereoselective processes, advancing medicinal chemistry and drug development.