This compound is primarily utilized in organic synthesis as a chiral auxiliary. It plays a significant role in asymmetric synthesis, enabling the formation of enantiomerically pure products. The compound is particularly effective in stereoselective alkylation, acylation, and aldol reactions, where it helps to control the stereochemistry of the resulting molecules. Its application is crucial in the pharmaceutical industry for the synthesis of complex chiral molecules, such as active pharmaceutical ingredients (APIs), where the correct stereochemistry is essential for the desired biological activity. Additionally, it is used in the development of fine chemicals and advanced intermediates, contributing to the production of high-purity compounds with specific chiral configurations.