Used in chiral recognition studies and asymmetric synthesis due to its inherent axial chirality and structural rigidity. Serves as a building block for chiral ligands and catalysts in enantioselective reactions. Employed in the development of chiral stationary phases for HPLC, enabling separation of enantiomers in pharmaceuticals and fine chemicals. Its unique three-dimensional aromatic framework also makes it valuable in materials science, particularly in designing optically active polymers and supramolecular architectures with tailored stereochemical properties.