This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and allylic substitution reactions, which are essential in the synthesis of pharmaceuticals and fine chemicals. Its rigid biphenyl backbone and electron-donating phosphine groups enhance stereocontrol, enabling the production of chiral compounds with high enantiomeric purity. Additionally, it is employed in the development of advanced materials and catalysts for organic synthesis, contributing to the efficient and selective formation of complex molecular structures.