This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral auxiliary or ligand in catalytic reactions. Its stereochemical properties make it valuable for inducing enantioselectivity in the production of pharmaceuticals and fine chemicals. It is often employed in the synthesis of optically active compounds, particularly in the preparation of drugs that require high enantiomeric purity. Additionally, it finds use in research and development for studying chiral induction and molecular recognition processes. Its stability and well-defined structure also make it a useful intermediate in organic synthesis for constructing complex molecules with specific stereochemistry.