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-forming reactions. It is often employed in the synthesis of complex molecules, including pharmaceuticals, where controlling stereochemistry is crucial. Additionally, its rigid framework and electron-rich properties make it suitable for applications in materials science, such as in the development of organic electronic devices or as a component in luminescent materials.