This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring an anthracene group and a phosphole ring, allows it to effectively induce chirality in the formation of complex molecules. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where enantioselectivity is crucial for achieving the desired biological activity or properties. Additionally, its stability and steric properties make it suitable for use in challenging catalytic transformations, such as cross-coupling reactions or hydrogenation processes. The compound’s ability to control stereochemistry makes it valuable in the development of optically active compounds, which are essential in drug discovery and material science.