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 phosphole core and bulky substituents, makes it effective in controlling stereochemistry during the formation of complex molecules. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals where high enantioselectivity is required. Additionally, its stability and reactivity under various conditions make it a valuable tool in developing novel synthetic methodologies for creating optically active compounds.