Used primarily in asymmetric synthesis, this compound serves as a chiral auxiliary in organic reactions, enabling the production of enantiomerically pure substances. It is particularly valuable in the synthesis of complex molecules for pharmaceuticals, where precise stereochemistry is crucial for biological activity. Additionally, it finds application in the development of advanced materials, such as polymers with specific optical properties, due to its ability to induce chirality in polymer chains. Its robust structure and high enantiomeric excess make it a preferred choice in academic and industrial research for exploring new synthetic pathways and enhancing the efficiency of catalytic processes.