This compound is primarily utilized in the field of organic synthesis as a chiral auxiliary or catalyst in asymmetric reactions. Its structure, featuring a benzyl group and a trifluoromethyl biphenyl moiety, makes it effective in inducing stereoselectivity, particularly in the synthesis of complex molecules like pharmaceuticals. It is often employed in the production of enantiomerically pure compounds, which are crucial in drug development due to their specific biological activity. Additionally, its stability and reactivity under various conditions make it a valuable tool in constructing heterocyclic frameworks, which are common in bioactive molecules.