This compound is primarily utilized in advanced organic synthesis, particularly in asymmetric catalysis. Its unique structure makes it effective in facilitating enantioselective reactions, which are crucial for producing chiral molecules with high optical purity. This is particularly valuable in the pharmaceutical industry, where the synthesis of enantiomerically pure drugs is essential for ensuring efficacy and safety. Additionally, it serves as a key intermediate in the development of complex molecular architectures, aiding in the creation of novel materials and bioactive compounds. Its application extends to research in organometallic chemistry, where it is used to study and develop new catalytic systems with enhanced selectivity and efficiency.