Used primarily as a specialty organic intermediate in research laboratories, this compound serves as a building block for synthesizing sterically hindered molecules. Its rigid, bulky structure makes it valuable in the development of ligands for asymmetric catalysis, where it helps control stereochemistry in complex reactions. It is also employed in the study of molecular rearrangements and reaction mechanisms due to its ability to form stable radical and cationic species. Additionally, it finds use in the preparation of high-performance polymers and liquid crystals, where its symmetrical and rigid framework contributes to thermal stability and unique material properties.