This chemical is primarily utilized in asymmetric synthesis, particularly in phase-transfer catalysis. It is effective in facilitating enantioselective reactions, where it helps in the formation of chiral molecules with high optical purity. Its application is significant in the pharmaceutical industry for the production of active pharmaceutical ingredients (APIs) that require specific stereochemistry. Additionally, it is used in organic synthesis to achieve high yields and selectivity in complex chemical transformations. The compound's unique structure allows it to act as a robust catalyst in various alkylation and Michael addition reactions, making it valuable in the development of fine chemicals and specialty compounds.