This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of complex molecular structures. Its unique spirobiindene core and oxazole moieties make it valuable for constructing chiral frameworks, which are essential in the production of pharmaceuticals, particularly those targeting central nervous system disorders. Additionally, it is employed in the synthesis of ligands for asymmetric catalysis, enabling the creation of enantioselective compounds used in fine chemical manufacturing. Its structural features also make it a candidate for research in materials science, particularly in the design of organic semiconductors and advanced polymers.