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 trifluoromethyl groups and a dioxaphosphepin ring, makes it highly effective in facilitating enantioselective transformations, which are crucial for producing optically active compounds. These compounds are often intermediates in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its stability and reactivity under various conditions make it a valuable tool in advanced research and industrial processes aiming to achieve high selectivity and yield in complex organic reactions.