This compound is primarily utilized as a chiral ionic liquid or catalyst in asymmetric synthesis, particularly in organic transformations where enantioselectivity is crucial. Its unique structure, combining an imidazolium core with a chiral isopinocampheyl group, makes it effective in facilitating stereocontrolled reactions such as hydrogenation, cyclopropanation, and Diels-Alder reactions. It is also employed in the development of chiral materials and as a phase-transfer catalyst in biphasic systems, enhancing reaction efficiency and selectivity. Additionally, its application extends to the field of green chemistry, where it serves as a reusable and environmentally friendly alternative to traditional catalysts.