Used as a chiral auxiliary in asymmetric synthesis, it helps in the formation of enantiomerically pure compounds, particularly in the synthesis of complex organic molecules. It is often employed in the preparation of pharmaceuticals and fine chemicals where high enantiomeric purity is crucial. The compound is also utilized in the development of catalysts and ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Its application extends to research and development in organic chemistry, aiding in the study of stereoselective transformations and the creation of novel synthetic pathways.