This chemical 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 compounds. These compounds are often used in the pharmaceutical industry to create drugs with specific stereochemical properties, enhancing their efficacy and reducing side effects. Additionally, it finds application in material science, where it aids in the development of advanced polymers with tailored properties. Its ability to interact with various substrates also makes it a valuable tool in research and development for exploring new chemical pathways and reactions.