This chemical is primarily utilized in the field of asymmetric synthesis and chiral resolution. It serves as a resolving agent to separate enantiomers of racemic mixtures, particularly in the pharmaceutical industry where the purity of a specific enantiomer is crucial for drug efficacy and safety. Additionally, it is employed in the development of chiral catalysts and intermediates for the production of optically active compounds. Its application extends to research laboratories for studying stereochemistry and developing new methodologies in organic synthesis.