This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral catalyst in asymmetric synthesis, particularly in reactions where the formation of enantiomerically pure compounds is crucial. Its application is significant in the pharmaceutical industry, where it aids in the production of chiral drugs, ensuring high enantiomeric purity and efficacy. Additionally, it is employed in academic research for developing new synthetic methodologies and studying stereochemical outcomes in complex organic reactions.