This chemical is primarily utilized as a ligand in coordination chemistry, particularly in the formation of complexes with transition metals. Its unique bicyclic structure and nitrogen-phosphorus framework make it highly effective in stabilizing metal centers, which is crucial in catalytic processes. It is often employed in homogeneous catalysis, where it enhances the efficiency and selectivity of reactions such as hydrogenation, hydroformylation, and cross-coupling reactions. Additionally, its steric and electronic properties are leveraged in the development of advanced materials and in the study of organometallic chemistry, contributing to innovations in industrial and academic research.