This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a spirobiindanyl backbone and bulky phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation reactions, where it helps produce chiral molecules with high optical purity. Additionally, it finds application in the synthesis of pharmaceuticals and fine chemicals, where precise control over stereochemistry is critical. Its robust design ensures stability under various reaction conditions, making it a valuable tool in organic synthesis.