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 a dihydrobenzo[d][1,3]oxaphosphole core, makes it effective in facilitating enantioselective transformations, which are crucial for producing optically active compounds in pharmaceuticals and fine chemicals. Additionally, its tert-butyl and dimethoxyphenyl groups enhance steric and electronic properties, improving selectivity and efficiency in catalytic processes. It is also explored in the development of novel materials and as a potential intermediate in the synthesis of complex molecules for medicinal chemistry applications.