This chemical is primarily utilized in advanced material science and organic synthesis due to its unique structural properties. It serves as a key intermediate in the development of specialized polymers and coatings, offering enhanced thermal stability and mechanical strength. Its application extends to the field of optoelectronics, where it is used in the fabrication of organic light-emitting diodes (OLEDs) and other electronic devices, contributing to improved efficiency and performance. Additionally, it plays a role in catalytic processes, particularly in asymmetric synthesis, where it aids in the production of chiral compounds with high enantiomeric purity.