This chemical is primarily utilized in the field of catalysis, particularly in asymmetric synthesis, where it serves as a chiral ligand. Its unique structure, featuring phosphine groups attached to a complex bicyclic framework, makes it highly effective in facilitating enantioselective reactions. This is especially valuable in the production of pharmaceuticals, where the precise stereochemistry of molecules is crucial for their biological activity. Additionally, it finds application in the synthesis of fine chemicals and agrochemicals, where its ability to control the stereochemical outcome of reactions enhances the efficiency and selectivity of the processes.