This chemical is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique structure, featuring a dinaphtho-dioxaphosphepine core, makes it highly effective in asymmetric catalysis, particularly in reactions where enantioselectivity is critical. It is often employed in the synthesis of complex organic molecules, including pharmaceuticals, where the precise control of stereochemistry is essential. Additionally, it finds application in the development of advanced materials, where its ability to induce chirality can influence the properties of polymers or other functional materials. Its role in facilitating stereocontrolled transformations makes it a valuable tool in both academic research and industrial processes.