This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a tetrahydrobenzodioxin backbone and diphenylphosphino groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation, hydroformylation, and carbon-carbon bond-forming reactions, where it helps produce chiral compounds with high optical purity. Its application is significant in the pharmaceutical industry for synthesizing enantiomerically pure drugs, as well as in the production of fine chemicals and agrochemicals. The ligand's stability and ability to form robust complexes with metals like rhodium and ruthenium further enhance its utility in various catalytic processes.