Used as a chiral resolving agent in organic synthesis to separate enantiomers of racemic mixtures. It is particularly effective in resolving amines and amino acids, making it valuable in pharmaceutical research for producing enantiomerically pure compounds. Also employed as a catalyst in asymmetric synthesis reactions, enhancing the efficiency and selectivity of the process. In the field of materials science, it is utilized in the preparation of conductive polymers due to its ability to dope and improve the electrical properties of materials like polyaniline. Additionally, it serves as a key component in the formulation of certain electrolytes for electrochemical applications.