This chemical is primarily utilized in advanced materials research, particularly in the development of specialized polymers and coatings. Its unique structure allows it to act as a stabilizing agent, enhancing the thermal and oxidative stability of materials exposed to high temperatures or harsh environmental conditions. Additionally, it finds application in the synthesis of flame-retardant additives, where its phosphorous-containing framework contributes to reducing the flammability of polymers. In the field of organic electronics, it is explored as a potential component in the fabrication of organic semiconductors, owing to its ability to facilitate charge transport. Its role in catalysis is also under investigation, particularly in asymmetric synthesis, where it may serve as a chiral ligand or catalyst precursor.