This compound is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring a dihydrobenzooxaphosphole core and sterically demanding substituents, makes it highly effective in facilitating enantioselective transformations. It is often employed in the synthesis of complex molecules, including pharmaceuticals, where controlling stereochemistry is crucial. Additionally, its application extends to the development of advanced materials, where it aids in the creation of chiral polymers or frameworks with specific optical properties. The compound’s ability to induce high enantiomeric excess in reactions makes it valuable in producing optically pure compounds for research and industrial purposes.