This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where high enantioselectivity is required. Its unique structure, featuring a dioxaphosphepin core, makes it effective in coordinating with transition metals to form catalysts that facilitate enantioselective transformations. It is commonly employed in organic synthesis for the production of pharmaceuticals, agrochemicals, and fine chemicals, where controlling the stereochemistry of the product is crucial. Additionally, its stability and ability to induce high selectivity make it a valuable component in the development of advanced catalytic systems for complex organic reactions.