This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring a dioxaphosphepin core, makes it effective in facilitating enantioselective transformations, which are crucial for producing optically active molecules. These reactions are widely applied in pharmaceutical manufacturing, where the stereochemistry of a drug can significantly impact its efficacy and safety. Additionally, it finds use in the development of advanced materials, such as liquid crystals or polymers, where precise control over molecular architecture is required. Its ability to induce chirality in complex molecules also makes it valuable in academic research for exploring new synthetic methodologies.