This compound 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 optically active compounds. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where achieving high enantiomeric purity is essential. Additionally, its sterically hindered tert-butyl group and benzyl substituents enhance its stability and selectivity in catalytic processes. This compound is also explored in material science for developing advanced chiral materials with potential applications in sensors or optoelectronic devices.