Used as a chiral derivatizing agent in asymmetric synthesis, particularly in the preparation of enantiomerically pure compounds. Its cyclic carbonate structure enables selective reactions with nucleophiles, making it valuable in the development of pharmaceutical intermediates where stereochemical control is critical. Commonly employed in catalytic asymmetric transformations, such as ring-opening reactions, to generate functionalized building blocks with high enantioselectivity. Also utilized in the study of chiral recognition and in the design of chiral catalysts or ligands for enantioselective catalysis.