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 trifluoromethyl groups and a dioxaphosphepin core, makes it highly effective in facilitating enantioselective transformations. It is often employed in the synthesis of complex molecules, including pharmaceuticals, where controlling stereochemistry is crucial. The compound's ability to induce high enantiomeric excess in reactions makes it valuable in producing optically active intermediates and final products. Additionally, its stability and reactivity under various conditions allow for its use in diverse catalytic processes, such as hydrogenation, cross-coupling, and cyclization reactions.