This compound is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal catalysts. Its unique spirobiindane structure and the presence of triphenylsilyl groups enhance its ability to induce chirality in various chemical reactions, such as enantioselective hydrogenation and carbon-carbon bond formation. Additionally, it is employed in the preparation of advanced materials, including liquid crystals and polymers, where its rigid framework contributes to improved thermal and mechanical properties. Its application extends to organic electronics, where it serves as a building block for creating chiral molecular architectures with potential use in optoelectronic devices.