Used as a ligand in coordination chemistry to stabilize metal complexes, enhancing catalytic activity in various organic reactions. It plays a role in the synthesis of pharmaceuticals, particularly in asymmetric hydrogenation processes. Also employed in material science for the development of advanced polymers and coatings, improving thermal stability and mechanical properties. Additionally, it serves as an intermediate in the production of flame retardants and agrochemicals. Its unique properties make it valuable in research and industrial applications requiring precise chemical modifications.