This chemical is primarily used as a chiral auxiliary in asymmetric synthesis, enabling the production of enantiomerically pure compounds. It is particularly valuable in the synthesis of pharmaceuticals, where it helps control stereochemistry during reactions like aldol additions, alkylations, and Diels-Alder reactions. Its rigid structure and ability to induce high enantioselectivity make it a preferred choice in the development of complex organic molecules, including active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it finds applications in academic research for studying stereoselective transformations and developing new synthetic methodologies.