This chemical is primarily utilized in the field of organic synthesis, particularly in the development of advanced materials and catalysts. Its unique structure makes it valuable in asymmetric catalysis, where it aids in the creation of chiral molecules, which are crucial in the pharmaceutical industry for producing enantiomerically pure drugs. Additionally, it is employed in the synthesis of complex organic frameworks and polymers, contributing to the development of high-performance materials with specific optical or electronic properties. Its application also extends to research in supramolecular chemistry, where it is used to study molecular recognition and self-assembly processes.