Used as a chiral solvating agent and asymmetric synthesis auxiliary in organic chemistry. Its primary application lies in enantioselective reactions, where it helps induce chirality in newly formed molecules. Commonly employed in the development of chiral catalysts and ligands for transition metal-catalyzed reactions. Also utilized in NMR spectroscopy to differentiate enantiomers due to its ability to form diastereomeric complexes. Valuable in pharmaceutical research for synthesizing single-enantiomer compounds.