Used in advanced organic synthesis as a chiral building block for optoelectronic materials and asymmetric catalysis. Its rigid, three-dimensional structure enhances stereochemical control in reactions, making it valuable in developing enantioselective sensors and liquid crystals. Also explored in materials science for creating novel polymers with unique electronic properties due to its aromatic stacking ability, including applications in organic transistors, solar cells, and complexes with special optical or magnetic properties.