Used primarily in the field of organic chemistry, this compound serves as a key intermediate in the synthesis of complex organic molecules. Its unique structure makes it valuable for the development of chiral ligands, which are crucial in asymmetric catalysis. This application is particularly important in the pharmaceutical industry, where it aids in the production of enantiomerically pure drugs, enhancing their efficacy and reducing side effects. Additionally, it is explored in material science for the creation of advanced polymers with specific optical properties.