This compound is primarily utilized in the field of organic synthesis as a chiral auxiliary and catalyst. It plays a significant role in asymmetric synthesis, enabling the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals and fine chemicals. Its structure is particularly effective in facilitating stereoselective reactions, such as the formation of carbon-carbon bonds, which are fundamental in constructing complex molecular architectures. Additionally, it finds application in the synthesis of biologically active molecules, including potential drug candidates, by providing high enantioselectivity and yield. Its use extends to research and development labs where precise control over stereochemistry is essential for creating compounds with specific biological activities.