This compound is widely used as a chiral catalyst in asymmetric synthesis, particularly in enantioselective reactions. It plays a critical role in the formation of carbon-carbon and carbon-heteroatom bonds, enabling the production of optically active compounds. Its application is prominent in the pharmaceutical industry for synthesizing chiral drugs and intermediates with high enantiomeric purity. Additionally, it is employed in organic chemistry research to develop novel catalytic processes and study reaction mechanisms. The compound’s stability and efficiency make it a valuable tool in advanced synthetic methodologies.