This compound is primarily utilized as a chiral auxiliary in asymmetric synthesis, enabling the production of enantiomerically pure compounds. It is often employed in the formation of carbon-carbon bonds, particularly in aldol reactions, where it helps control stereochemistry to yield specific enantiomers. Additionally, it is used in the synthesis of pharmaceuticals and fine chemicals, where precise stereochemical control is crucial for biological activity. Its robust structure and ability to induce high enantioselectivity make it a valuable tool in organic synthesis, particularly in the development of chiral drugs and complex organic molecules.