This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a spirobiindane backbone and sterically demanding substituents, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation reactions, where it facilitates the production of chiral compounds with high optical purity. This is particularly valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where the enantiomeric purity of the product is critical for efficacy and safety. Additionally, its robustness under various reaction conditions allows for its use in a wide range of industrial and academic applications, contributing to advancements in enantioselective synthesis.