This compound is primarily utilized in organic synthesis as a chiral catalyst or reagent, particularly in asymmetric reactions. Its unique structure and chirality make it effective in facilitating enantioselective transformations, which are crucial in the production of optically active pharmaceuticals and fine chemicals. It is often employed in the synthesis of complex molecules where precise control over stereochemistry is required. Additionally, it finds use in research and development for exploring new synthetic methodologies and optimizing reaction conditions to achieve high selectivity and yield.