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 and nitro-substituted phenyl groups, makes it effective in facilitating enantioselective transformations. It is often employed in the synthesis of complex molecules, especially in pharmaceutical research, where the creation of chiral centers with high enantiomeric purity is critical. Additionally, its application extends to materials science, where it can be used in the development of advanced chiral materials or as a component in coordination chemistry studies.