This chemical is primarily utilized as a chiral catalyst or chiral auxiliary in asymmetric synthesis. It is particularly effective in enantioselective reactions, where it helps in the formation of chiral molecules with high optical purity. The compound's ability to form strong hydrogen bonds with substrates makes it valuable in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals. It is often employed in the preparation of enantiomerically pure compounds, which are crucial in drug development and other applications requiring high stereochemical control. Additionally, its stability and selectivity make it a preferred choice in various catalytic processes within organic chemistry research and industrial applications.