This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring a dihydrobenzo[d][1,3]oxaphosphole core, makes it effective in facilitating enantioselective transformations, such as hydrogenation or carbon-carbon bond-forming reactions. The presence of the tert-butyl and isopropyl groups enhances steric control, improving selectivity in producing chiral molecules. This compound is valuable in pharmaceutical research for synthesizing enantiomerically pure drugs, where chirality plays a critical role in biological activity. Additionally, it may find use in material science for developing chiral polymers or advanced catalytic systems.