This compound is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral molecules. Its unique structure, featuring a diphenylphosphino group and trifluoromethyl substituents, makes it an effective ligand in transition metal-catalyzed reactions. It is often employed in hydrogenation, cross-coupling, and other enantioselective transformations, enabling the production of optically active compounds with high selectivity. This is especially valuable in the pharmaceutical industry for the synthesis of chiral drugs and intermediates. Additionally, its robust steric and electronic properties enhance catalytic efficiency and stability in complex reaction environments.