This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a key intermediate in the development of complex organic molecules, particularly in the synthesis of pharmaceuticals and fine chemicals. Its structure allows it to participate in various catalytic processes, enabling the formation of carbon-carbon and carbon-nitrogen bonds with high efficiency. Additionally, it is employed in the study of asymmetric synthesis, where it helps in the creation of chiral compounds that are essential for producing enantiomerically pure drugs. Its unique properties also make it valuable in research focused on understanding reaction mechanisms and developing new synthetic methodologies.