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 suitable for applications in asymmetric catalysis, where it can facilitate the creation of chiral molecules with high enantioselectivity. This is especially valuable in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with specific stereochemistry.

Additionally, it finds use in the preparation of specialized polymers and coatings, where its properties can enhance thermal stability and mechanical performance. Its role in coordination chemistry also makes it a candidate for designing ligands in transition metal catalysis, contributing to more efficient and selective chemical reactions in industrial processes.