This compound is widely used as a chiral auxiliary in asymmetric synthesis, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is employed to induce stereoselectivity in reactions such as aldol additions, alkylations, and reductions, enabling the production of enantiomerically pure compounds. Additionally, it serves as a key reagent in the synthesis of pharmaceuticals, agrochemicals, and natural products, where precise control over stereochemistry is crucial. Its stability and ease of removal after the reaction make it a valuable tool in organic synthesis.