This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral auxiliary or catalyst. Its structure, featuring multiple stereocenters, makes it highly effective in inducing enantioselectivity in various organic reactions, particularly in the synthesis of complex molecules. It is often employed in the pharmaceutical industry to produce enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it finds use in academic research for developing new methodologies in stereocontrolled synthesis. Its ability to stabilize transition states and control reaction pathways makes it a valuable tool in organic chemistry.