This chemical 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 organic semiconductors, which are essential for manufacturing high-performance organic light-emitting diodes (OLEDs). Its unique structure contributes to the enhancement of charge carrier mobility, making it valuable for improving the efficiency and stability of OLED displays and lighting systems. Additionally, it is employed in research focused on creating novel spiro-based compounds for optoelectronic applications, such as sensors and photovoltaic devices. Its chiral properties also make it a candidate for use in asymmetric catalysis and the development of chiral materials.