Used as a chiral reagent in organic synthesis for asymmetric hydroboration of alkenes, providing stereoselective addition to produce chiral organoboranes that can be oxidized to optically active alcohols, and for the enantioselective reduction of prochiral ketones to secondary alcohols. It is highly valued in the pharmaceutical industry for the synthesis of chiral intermediates and active pharmaceutical ingredients (APIs). Its selectivity and efficiency make it a preferred choice in asymmetric synthesis, enabling the production of compounds with high enantiomeric purity. Additionally, it is employed in the preparation of fine chemicals and specialty materials where precise stereochemistry is crucial.