This compound is primarily used as a chiral auxiliary in asymmetric synthesis, enabling the production of enantiomerically pure compounds. It facilitates the formation of stereochemically controlled products in reactions such as aldol additions, alkylations, and Diels-Alder reactions. Its rigid structure and ability to induce high enantioselectivity make it valuable in pharmaceutical synthesis, particularly for creating active pharmaceutical ingredients (APIs) with specific chiral configurations. Additionally, it is employed in the development of fine chemicals and agrochemicals, where precise stereochemistry is critical for efficacy. Its application extends to academic research for exploring new methodologies in organic synthesis.