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, which are crucial for producing chiral molecules in pharmaceuticals and fine chemicals. It is often employed in the synthesis of complex organic compounds where high stereochemical control is required. Additionally, its tert-butyl and methoxyphenyl groups contribute to its stability and reactivity, making it suitable for use in demanding catalytic processes.