This compound is primarily utilized in organic synthesis as a chiral auxiliary or catalyst in asymmetric reactions. It is particularly effective in inducing enantioselectivity in the formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in the synthesis of complex molecules with high stereochemical purity. Additionally, it is employed in the preparation of pharmaceuticals and fine chemicals where precise control over stereochemistry is critical. Its role in facilitating stereocontrolled transformations contributes to the development of bioactive compounds and advanced materials.