This chemical is primarily utilized in advanced materials research, particularly in the development of organic electronic devices. Its unique structure makes it suitable for use as a key component in organic light-emitting diodes (OLEDs), where it contributes to improved efficiency and stability of the light-emitting layers. Additionally, it is explored in the synthesis of novel polymers and coatings, offering enhanced thermal and mechanical properties. Its application also extends to the field of catalysis, where it serves as a ligand in asymmetric synthesis, facilitating the production of chiral molecules with high enantioselectivity.