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 compounds with high enantioselectivity. This is especially important in the pharmaceutical industry, where the production of enantiomerically pure drugs is crucial for efficacy and safety. Additionally, it is employed in the synthesis of complex organic molecules, contributing to research in materials science, such as the development of novel polymers or optoelectronic materials. Its role in these processes highlights its significance in enabling precise and efficient chemical transformations.