Primarily utilized in organic synthesis, this chemical serves as a key intermediate in the preparation of complex organic molecules. Its structure is particularly valuable in the development of chiral catalysts, which are essential in asymmetric synthesis to produce enantiomerically pure compounds. This is crucial in the pharmaceutical industry for the synthesis of drugs where the specific chirality of a molecule can significantly impact its efficacy and safety. Additionally, it finds application in the field of material science, where it is used to modify the surface properties of materials, enhancing their performance in various industrial applications.