This chemical is primarily utilized in the field of asymmetric synthesis and chiral catalysis. Its unique spirobiindane structure makes it an effective chiral ligand or building block in the development of enantioselective catalysts. These catalysts are crucial in pharmaceutical manufacturing, where they help produce chiral drugs with high enantiomeric purity, ensuring better efficacy and reduced side effects. Additionally, it finds application in advanced material science, particularly in the synthesis of chiral polymers and frameworks used in sensors or separation technologies. Its bromine substituents also make it a valuable intermediate in further functionalization reactions, expanding its utility in organic synthesis.