This chemical is primarily utilized in asymmetric synthesis and chiral resolution processes, serving as a chiral auxiliary or ligand in catalytic reactions. It plays a significant role in the production of enantiomerically pure compounds, which are crucial in pharmaceutical manufacturing for developing drugs with specific stereochemistry. Additionally, it is employed in organic synthesis to induce stereoselectivity, enabling the creation of complex molecules with high precision. Its application extends to research and development in fine chemicals, where it aids in the exploration of new synthetic pathways and chiral catalysts.