Primarily utilized in the field of organic synthesis, this compound serves as a chiral building block for the construction of complex molecules. Its unique stereochemistry makes it valuable in the development of pharmaceuticals, particularly in the synthesis of enantiomerically pure drugs where the specific spatial arrangement of atoms is crucial for biological activity. Additionally, it is employed in the preparation of advanced materials, including liquid crystals and polymers, where its rigid structure and functional groups contribute to the desired physical properties. In research, it is often used as a ligand or catalyst in asymmetric synthesis, enabling the production of chiral compounds with high enantioselectivity.