This compound is primarily utilized as a chiral auxiliary in asymmetric synthesis, enabling the production of enantiomerically pure compounds. It is particularly effective in controlling stereochemistry during the formation of carbon-carbon and carbon-heteroatom bonds, making it valuable in the synthesis of pharmaceuticals and fine chemicals. Its rigid structure and ability to induce high enantioselectivity are key advantages in complex organic transformations. Additionally, it is employed in the development of chiral catalysts and ligands, further enhancing its role in stereoselective reactions.