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 an anthracene group and a phosphole ring, makes it effective in facilitating stereoselective transformations, such as hydrogenation or carbon-carbon bond formation. The chiral environment it creates is crucial for producing enantiomerically pure compounds, which are highly valuable in pharmaceutical synthesis and fine chemical manufacturing. Additionally, its robust tert-butyl and isopropyl groups enhance stability during catalytic processes, making it suitable for demanding reaction conditions. Its application extends to materials science, where it can be used to develop chiral polymers or advanced molecular frameworks with specific optical properties.