This compound is primarily utilized in advanced organic synthesis, particularly in the development of chiral catalysts and ligands. Its unique spirobiindene structure and iodine substituents make it valuable in asymmetric catalysis, enabling the production of enantiomerically pure compounds in pharmaceutical manufacturing. Additionally, it serves as a key intermediate in the synthesis of complex organic molecules, especially those requiring precise stereochemical control. Its methoxymethoxy groups enhance solubility and reactivity, making it suitable for use in specialized chemical reactions, such as cross-coupling and cyclization processes.