Used as a chiral auxiliary in asymmetric synthesis, particularly in the preparation of enantiomerically pure compounds. It is employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals where chiral induction is critical. The compound is also utilized in the resolution of racemic mixtures, helping to separate enantiomers for further use in research and industrial applications. Additionally, it serves as a ligand in catalytic processes, enhancing the selectivity and efficiency of reactions such as hydrogenation and carbon-carbon bond formation.