Used in organic synthesis as a chiral building block for creating complex molecules, particularly in pharmaceuticals. Its anthryl group contributes to fluorescence, making it valuable in developing fluorescent probes for biological imaging and sensing applications. The chiral center allows for enantioselective synthesis, aiding in the production of optically active compounds. It may also serve as a ligand in asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, its structure makes it a potential candidate for studying molecular interactions in biochemical systems.