This chemical is widely utilized in asymmetric synthesis, particularly in the construction of complex organic molecules. It serves as a chiral auxiliary or catalyst in various enantioselective reactions, enabling the production of optically active compounds. Its application is prominent in pharmaceutical research, where it aids in the synthesis of chiral drugs and intermediates. Additionally, it is employed in the development of agrochemicals and fine chemicals, where stereochemical control is crucial. Its unique structure allows for efficient induction of chirality, making it valuable in organic chemistry and industrial processes requiring high enantiomeric purity.