Kendall's tau is a powerful (although not the most used) test to investigate the association between two ordinal variables. But, if one of them is dichotomic (and somewhat ordered), Kendall's tau could also be employed?
Just an exemple of what I mean...
Suppose I have a class of 25 students graded from 1 to 5 (low to high performance) and I want to know if there is a significant association between these 5 possible grades (ordinal variable) and a binomial atribute, for instance, if (YES/NO) the students were in the same class last year, that is, I want to investigate the positive effect of not switching class in their school performance.