This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral auxiliary or catalyst. Its structure is particularly effective in facilitating enantioselective reactions, making it valuable in the production of pharmaceuticals and fine chemicals. The compound’s ability to induce high stereocontrol in reactions such as alkylations, aldol additions, and cyclizations is highly regarded. Additionally, it is employed in the development of novel drug candidates, where precise chiral induction is critical for achieving desired biological activity. Its use extends to academic research, where it aids in the study of stereochemistry and reaction mechanisms.