This chemical is primarily used in the field of organic synthesis, particularly in the development of complex molecular structures. Its unique structure makes it valuable in asymmetric catalysis, where it helps in creating chiral compounds with high enantioselectivity. These chiral compounds are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals, where the specific spatial arrangement of atoms can significantly influence the biological activity and efficacy of the final product.

Additionally, it finds application in materials science, where it is employed in the synthesis of advanced polymers and ligands for metal-organic frameworks (MOFs). These materials have potential uses in gas storage, separation processes, and catalysis, owing to their high surface area and tunable properties. Its role in these applications highlights its importance in advancing both chemical synthesis and material innovation.