This chemical is primarily utilized in the field of organic synthesis, particularly in the development of chiral catalysts. Its unique structure, featuring an anthracene group and a dihydrobenzooxaphosphole ring, makes it effective in asymmetric synthesis reactions. It is often employed in the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for creating drugs with specific biological activities. Additionally, it finds application in material science, where it is used to synthesize advanced organic materials with potential uses in optoelectronics and photovoltaics. Its ability to induce chirality in reactions also makes it valuable in the study of stereochemistry and the development of novel synthetic methodologies.