This chemical is primarily used as a chiral derivatizing agent in the field of analytical chemistry. It is employed to separate and identify enantiomers of various compounds, particularly amines and alcohols, through techniques like high-performance liquid chromatography (HPLC). Its chiral nature allows for the differentiation of enantiomers, which is crucial in pharmaceutical research and development, where the biological activity of enantiomers can differ significantly. Additionally, it is utilized in the synthesis of chiral ureas and carbamates, which are important intermediates in the production of optically active pharmaceuticals and agrochemicals. Its application extends to the study of stereochemistry and the development of chiral catalysts, contributing to advancements in asymmetric synthesis.