This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique structure, featuring a dioxaphosphepin core, makes it effective in asymmetric catalysis, particularly in reactions where stereoselectivity is crucial. It is often employed in the synthesis of enantiomerically pure compounds, which are essential in the production of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its ability to form stable complexes with transition metals enhances its application in metal-catalyzed reactions, such as hydrogenation, cross-coupling, and cyclization processes. The compound's stereochemical properties also make it valuable in the development of novel materials with specific optical or electronic characteristics.