This chemical is primarily utilized as a chiral auxiliary or resolving agent in asymmetric synthesis. It aids in the formation of enantiomerically pure compounds, which is crucial in the production of pharmaceuticals and fine chemicals. Its structure allows it to effectively induce chirality in reactions, making it valuable in the synthesis of complex molecules with specific stereochemical requirements. Additionally, it can be employed in the development of chiral catalysts or ligands, enhancing the efficiency and selectivity of catalytic processes. Its application extends to research in organic chemistry, where it is used to study stereoselective reactions and develop new synthetic methodologies.