This chemical is primarily utilized in organic synthesis as a chiral auxiliary. It is employed to induce stereoselectivity in various reactions, particularly in the formation of asymmetric carbon-carbon bonds. Its rigid structure and ability to coordinate with metal catalysts make it valuable in enantioselective transformations. Additionally, it is used in the synthesis of complex molecules, including pharmaceuticals, where controlling the stereochemistry is crucial for biological activity. Its application extends to the preparation of intermediates for natural products and fine chemicals, enhancing the efficiency and selectivity of synthetic routes.