This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a spirobiindane core and bulky tert-butyl groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation, hydroformylation, and carbon-carbon bond-forming reactions, where it helps produce enantiomerically pure compounds. These applications are critical in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where achieving high optical purity is essential. The steric and electronic properties of the ligand enhance the performance and selectivity of the catalyst, making it a valuable tool in organic synthesis.