Used as a chiral resolving agent in organic synthesis, it helps separate enantiomers in racemic mixtures, improving the purity of desired compounds. It is also employed as a ligand in asymmetric catalysis, particularly in reactions like hydrogenation and epoxidation, where it enhances stereoselectivity. Additionally, it serves as a building block in the synthesis of pharmaceuticals and fine chemicals, contributing to the production of optically active compounds. Its role in asymmetric synthesis is crucial for developing drugs and agrochemicals with high enantiomeric purity.