This compound is primarily utilized in the development of advanced materials, particularly in the field of organic electronics. It serves as a key component in the synthesis of high-performance organic light-emitting diodes (OLEDs), where its unique molecular structure enhances efficiency and stability. The compound is also employed in the creation of organic semiconductors, contributing to improved charge transport properties in devices such as organic field-effect transistors (OFETs). Additionally, its chiral nature makes it a potential candidate for applications in asymmetric synthesis and catalysis, particularly in the production of enantiomerically pure compounds for pharmaceuticals. Its optical properties further lend it to use in photonic materials and sensors.