This compound is primarily utilized in organic synthesis as a chiral auxiliary, enabling the production of enantiomerically pure substances. It plays a crucial role in asymmetric synthesis, particularly in the formation of complex molecules with high stereochemical control. Its application is significant in the pharmaceutical industry, where it aids in the development of chiral drugs, ensuring the desired enantiomer is produced for enhanced efficacy and reduced side effects. Additionally, it is employed in academic research for studying stereoselective reactions and developing new synthetic methodologies.