This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in enantioselective reactions. Its unique structure, featuring a chiral pyrrolidine backbone and a dinaphtho-dioxaphosphepine group, makes it highly effective as a ligand in transition metal-catalyzed processes. It is often employed in hydrogenation, hydroformylation, and other carbon-carbon bond-forming reactions, where high enantioselectivity and yield are critical. The compound's steric and electronic properties enable precise control over the stereochemistry of the products, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its stability under various reaction conditions allows for broad application in both academic research and industrial settings.