This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a bibenzooxaphosphole core, makes it highly effective in inducing enantioselectivity in various organic transformations, such as hydrogenation, hydroformylation, and carbon-carbon bond-forming reactions. The steric and electronic properties of the ligand enhance the performance of metal catalysts, enabling the synthesis of chiral molecules with high optical purity. This is particularly valuable in the pharmaceutical industry, where enantiopure compounds are often required for drug development. Additionally, its stability under reaction conditions and ease of modification make it a versatile tool in synthetic organic chemistry.