This compound is primarily utilized in organic synthesis as a chiral auxiliary. It is employed to induce stereoselectivity in various chemical reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its structure allows for the precise control of stereochemistry, making it valuable in the synthesis of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals and fine chemicals. Additionally, it is often used in asymmetric aldol reactions, Diels-Alder reactions, and alkylations, where the stereochemical outcome is critical for the desired product's efficacy and functionality.