This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral catalyst in asymmetric synthesis, enabling the production of enantiomerically pure compounds, which are crucial in the development of pharmaceuticals. Its application is particularly significant in the synthesis of complex molecules where high enantioselectivity is required. Additionally, it is employed in research settings to study and develop new catalytic processes, contributing to advancements in synthetic chemistry and drug discovery.