This compound is primarily utilized in the field of organic electronics due to its unique structural and electronic properties. It serves as a key component in the development of organic light-emitting diodes (OLEDs), where its ability to efficiently transport charge and emit light makes it valuable for creating high-performance display and lighting technologies. Additionally, its phosphorous-containing structure contributes to its use in organic semiconductors, enhancing stability and efficiency in devices such as solar cells and transistors. The compound’s chiral nature also opens potential applications in asymmetric synthesis and catalysis, particularly in the production of optically active materials for pharmaceuticals and fine chemicals.