This chemical is primarily utilized as a chiral oxidizing agent in organic synthesis. It is particularly effective in the enantioselective oxidation of sulfides to sulfoxides, a reaction crucial in the production of pharmaceuticals and fine chemicals. Its high enantioselectivity makes it valuable for synthesizing optically active compounds, which are essential in drug development. Additionally, it is employed in the synthesis of complex organic molecules where precise control over stereochemistry is required. Its unique structure allows for selective transformations, making it a useful tool in asymmetric synthesis and the preparation of biologically active compounds.