This chemical is primarily used as a catalyst in various organic synthesis processes. It is particularly effective in the oxidation of alkenes to epoxides, a reaction that is crucial in the production of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in asymmetric synthesis, where it helps in creating chiral molecules with high enantiomeric purity, which is essential for the development of active pharmaceutical ingredients. Its stability and efficiency make it a valuable tool in industrial and laboratory settings for selective oxidation reactions.