This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral auxiliary or catalyst. It is particularly effective in facilitating enantioselective reactions, such as the addition of nucleophiles to carbonyl compounds, leading to the production of optically active molecules. Its application is crucial in the pharmaceutical industry for the synthesis of chiral drugs, where the correct stereochemistry is essential for biological activity. Additionally, it is employed in organic chemistry research to study and develop new methods for stereocontrol in complex molecular constructions.