This chemical is widely utilized as a chiral catalyst in asymmetric synthesis, particularly in enantioselective reactions. Its unique structure allows it to effectively differentiate between enantiomers, making it valuable in the production of optically active compounds. It is commonly employed in the pharmaceutical industry for the synthesis of chiral drugs, ensuring high enantiomeric purity. Additionally, it is used in organic chemistry research to study and develop new methodologies for asymmetric catalysis. Its ability to form strong hydrogen bonds with substrates enhances its catalytic efficiency, making it a preferred choice for complex stereoselective transformations.