This compound is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the development of advanced phosphorous-containing polymers, which are valued for their flame-retardant properties and thermal stability. Additionally, it is employed in the synthesis of chiral ligands for asymmetric catalysis, enabling the production of enantiomerically pure compounds in pharmaceutical manufacturing. Its unique structure also makes it a candidate for research in optoelectronic materials, where it contributes to the development of organic light-emitting diodes (OLEDs) and other electronic devices.