This compound is primarily utilized in the development of chiral catalysts and ligands for asymmetric synthesis. Its unique structure, featuring a spirobiindane core, makes it highly effective in facilitating enantioselective reactions, which are crucial in the production of pharmaceuticals and fine chemicals. The presence of chlorophenyl groups enhances its stability and selectivity in catalytic processes. Additionally, it is employed in the synthesis of complex organic molecules, where its chiral environment ensures high enantiomeric purity in the final products. Its application extends to material science, where it is used in the design of advanced polymers and liquid crystals with specific optical properties.