This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block for the construction of complex molecules. Its spirobi[indene] structure and dicarboxylic acid groups make it a valuable precursor in the development of chiral ligands and catalysts, which are essential in asymmetric synthesis. These applications are crucial in the pharmaceutical industry for producing enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, its unique structural features contribute to its use in materials science, where it aids in the design of advanced polymers and frameworks with specific chiral properties.