This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique structure, particularly the presence of the dioxaphosphepin ring, makes it effective in asymmetric catalysis, enabling the production of enantiomerically pure compounds. It is often employed in reactions such as hydrogenation, where high stereoselectivity is required to achieve specific chiral products. Additionally, its stability and compatibility with various reaction conditions make it a valuable tool in pharmaceutical and fine chemical synthesis, particularly in the development of chiral drugs and intermediates. The compound’s ability to induce high enantioselectivity contributes to its importance in advancing synthetic methodologies in organic chemistry.