This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block for the construction of complex molecules. Its spirocyclic structure and chiral centers make it valuable for the synthesis of enantiomerically pure compounds, which are essential in the development of pharmaceuticals and agrochemicals. Additionally, it can serve as a ligand or catalyst in asymmetric reactions, enhancing the efficiency and selectivity of chemical transformations. Its diphenylmethanol groups further contribute to its utility in creating sterically hindered intermediates, which are often required in the synthesis of biologically active molecules.