This compound is primarily utilized in the field of organic synthesis, particularly as a ligand in catalytic processes. Its unique spirocyclic structure and the presence of dibenzhydryl groups make it highly effective in stabilizing metal complexes, which are crucial for various catalytic reactions. It is often employed in polymerization reactions, where it helps in controlling the molecular weight and distribution of polymers. Additionally, its steric and electronic properties make it suitable for use in asymmetric catalysis, enabling the production of chiral molecules with high enantioselectivity. This chemical is also explored in the development of advanced materials, where its structural features contribute to the design of novel polymers and catalysts with tailored properties.