This compound is primarily utilized in the field of organic synthesis, particularly in the development of chiral catalysts. Its unique structure, featuring a dihydrobenzo[d][1,3]oxaphosphole ring system, makes it highly effective in asymmetric catalysis, enabling the production of enantiomerically pure compounds. This is especially valuable in the pharmaceutical industry, where the synthesis of chiral drugs requires precise control over stereochemistry. Additionally, it finds application in the preparation of advanced materials, where its stereochemical properties can influence the performance of the final product. Its methoxy and tert-butyl groups further enhance its stability and reactivity in various chemical transformations.