This chemical is primarily utilized in advanced organic synthesis and catalysis, particularly in asymmetric reactions. It serves as a highly effective chiral ligand or catalyst, enabling the formation of enantiomerically pure compounds, which are crucial in the production of pharmaceuticals and fine chemicals. Its unique structure, featuring a dinaphtho-dioxaphosphepin core, provides exceptional stereocontrol, making it valuable in the synthesis of complex molecules with high precision. Additionally, it is employed in research and development for exploring novel catalytic processes and optimizing reaction conditions in organic chemistry.