This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal complexes. It plays a significant role in enantioselective reactions, such as hydrogenation and carbon-carbon bond formation, where high stereochemical control is required. Additionally, it is employed in the synthesis of pharmaceuticals and fine chemicals, where its chiral structure helps in producing optically active compounds with high purity. Its tosyl group also facilitates further functionalization, making it a versatile intermediate in organic synthesis.