Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of complex molecules with potential therapeutic properties. Its structure, featuring a dihydrobenzo[d][1,3]oxaphosphole ring, makes it valuable in catalytic processes and asymmetric synthesis, where it can influence stereochemistry. Additionally, it is employed in the study of phosphorous-containing heterocycles, contributing to advancements in medicinal chemistry and material science. The methoxy and tert-butyl groups enhance its stability and reactivity, making it suitable for use in controlled chemical reactions.