This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand in asymmetric catalysis. Its unique structure, featuring a dioxaphosphepin core, makes it highly effective in facilitating enantioselective reactions, which are crucial for producing optically active compounds. These reactions are widely employed in the pharmaceutical industry to synthesize drugs with specific stereochemistry, ensuring higher efficacy and reduced side effects. Additionally, it finds application in the development of advanced materials, where its ability to induce chirality can lead to the creation of polymers and other substances with tailored properties. Its stability and reactivity under various conditions further enhance its utility in complex chemical transformations.