This compound is primarily utilized in the field of organic synthesis as a chiral ligand or catalyst. Its unique structure, featuring a dihydrobenzo[d][1,3]oxaphosphole core, makes it effective in asymmetric transformations, particularly in reactions where enantioselectivity is crucial. It is often employed in the synthesis of complex molecules, including pharmaceuticals, where the control of stereochemistry is essential. The compound’s ability to induce chirality in target molecules makes it valuable in the production of enantiomerically pure compounds, which are critical in drug development and other fine chemical industries. Additionally, its stability and reactivity under various conditions allow it to be used in diverse catalytic processes, enhancing the efficiency and selectivity of chemical reactions.