This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure allows it to facilitate the formation of stereospecific products, which is crucial in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, where its phosphorous-containing framework contributes to the creation of polymers with specific optical or electronic properties. Its application in these areas highlights its importance in enabling precise control over molecular architecture and functionality.