This compound is primarily utilized as a chiral catalyst in asymmetric synthesis, particularly in enantioselective oxidation reactions. It is highly effective in the oxidation of alkenes to epoxides, providing high enantiomeric excesses, which is crucial for producing optically active compounds in pharmaceuticals and fine chemicals. Its application extends to the synthesis of chiral intermediates, which are essential in the production of drugs, agrochemicals, and other bioactive molecules. The compound's robust chiral environment ensures high selectivity and efficiency in catalytic processes, making it a valuable tool in organic synthesis and industrial chemistry.