Used as a chiral oxidizing agent in asymmetric synthesis, particularly for the enantioselective oxidation of sulfides to sulfoxides. It is valuable in pharmaceutical research for producing optically active compounds. The chemical is also employed in organic chemistry to introduce chirality into molecules, aiding in the development of drugs and other biologically active substances. Its ability to selectively transfer oxygen atoms makes it useful in fine chemical synthesis and the production of intermediates for complex organic molecules. Additionally, it is utilized in academic and industrial laboratories for studying stereochemical outcomes in oxidation reactions.