Widely used as a building block in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. Its structure is crucial in creating chiral compounds, which are essential for producing enantiomerically pure medications. Additionally, it serves as a ligand in asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions in industrial processes. In polymer chemistry, it acts as a cross-linking agent, improving the mechanical and thermal properties of materials like epoxy resins and coatings. Its applications also extend to agrochemicals, where it aids in the formulation of pesticides and herbicides with improved efficacy and environmental safety.