This compound is primarily utilized as a chiral catalyst in asymmetric organic synthesis, particularly in the enantioselective reactions of carbonyl compounds. It is highly effective in promoting the kinetic resolution of secondary alcohols and the desymmetrization of meso-anhydrides, making it valuable in the production of optically active intermediates for pharmaceuticals and fine chemicals. Additionally, it is employed in the synthesis of complex natural products and bioactive molecules, where high enantiomeric purity is essential. Its robust catalytic activity and selectivity make it a preferred choice in academic research and industrial applications for developing chiral compounds.