This chemical is primarily utilized in the field of organic synthesis and catalysis. It serves as a chiral ligand in asymmetric catalysis, particularly in reactions where enantioselectivity is crucial, such as hydrogenation, carbon-carbon bond formation, and other transition metal-catalyzed processes. Its unique structure, featuring a dinaphtho-dioxaphosphepine core, allows it to effectively coordinate with metal centers, enabling the production of chiral molecules with high enantiomeric purity. This makes it valuable in the pharmaceutical industry for the synthesis of enantiomerically pure drugs and intermediates. Additionally, it may find applications in materials science for the development of chiral materials or sensors.