This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. It serves as a chiral catalyst or reagent in organic transformations, enabling the production of optically active compounds with high stereochemical control. Its application is significant in pharmaceutical research and development, where it aids in the synthesis of chiral drugs and intermediates. Additionally, it is employed in fine chemical manufacturing to achieve high-purity enantiomers, which are critical in agrochemicals, flavors, and fragrances. The compound’s stability and reactivity make it a valuable tool in advanced synthetic methodologies.