Used primarily in the field of organic synthesis and pharmaceuticals, this compound serves as a key intermediate in the production of complex molecules. Its structure, featuring cinchona alkaloid derivatives and an anthracenedione core, makes it valuable for developing chiral catalysts. These catalysts are crucial in asymmetric synthesis, enabling the production of enantiomerically pure substances, which are essential in drug development. Additionally, its fluorescent properties allow for applications in biochemical research, particularly in labeling and tracking studies. The compound's unique chemical framework also supports its use in advanced material science, contributing to the creation of specialized polymers and dyes.