This chemical is primarily utilized in the field of organic synthesis and catalysis, particularly in asymmetric reactions. It serves as a key intermediate or catalyst in the development of chiral compounds, which are essential in the production of pharmaceuticals and fine chemicals. Its structure allows it to facilitate enantioselective transformations, making it valuable in the synthesis of complex molecules with high stereochemical control. Additionally, it has potential applications in material science, where it can be used to design advanced polymers or coatings with specific properties. Its trifluoromethyl groups contribute to its stability and reactivity, making it suitable for use in harsh chemical environments.