This compound is primarily utilized in the field of organic chemistry as a chiral catalyst or resolving agent. Its application is significant in asymmetric synthesis, where it helps in the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for the development of drugs with specific desired activities. Additionally, it is used in the resolution of racemic mixtures, enabling the separation of enantiomers, which is essential for the study and application of stereochemistry in various chemical reactions. Its role in facilitating high selectivity and efficiency in synthetic processes makes it valuable in advanced chemical research and development.