This compound is primarily utilized in the field of asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal catalysts. Its unique structure, featuring a dihydrobenzooxaphosphole core, makes it highly effective in facilitating enantioselective reactions, which are crucial for producing pharmaceuticals and fine chemicals with high optical purity. Additionally, it is employed in the synthesis of complex organic molecules, where its steric and electronic properties enhance reaction selectivity and yield. Its application extends to materials science, where it is used in the design of advanced polymers and coordination complexes with tailored properties.