This chemical is primarily used as a chiral catalyst in asymmetric synthesis, particularly in organic reactions where enantioselectivity is crucial. It facilitates the formation of chiral centers in molecules, making it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its trifluoromethanesulfonate groups enhance reactivity and stability, allowing it to perform effectively under various reaction conditions. Additionally, it is employed in the synthesis of complex organic compounds, such as natural products and bioactive molecules, where precise stereochemical control is essential. Its application extends to polymer chemistry, where it aids in creating chiral polymers with specific properties.