In asymmetric borane reduction of prochiral ketones to form chiral secondary alcohols, oxazaborolidine compounds have proved to be excellent chiral catalysts. Many chiral aminoalcohols and their derivatives have been used as starting materials for the synthesis of oxazaborolidines, either in isolated form or prepared in situ. In our laboratory, we use natural α-pinene as a starting material to synthesize a series of novel N-substituted aminoalcohols. These newly prepared N-substituted aminoalcohols have been used to prepared oxazaborolidines as catalysts in the asymmetric borane reduction of prochiral ketones. The results are not as satisfactory as we anticipated; however, we have provided some possible explanation attempted to rationalize these results.