This chemical is primarily used as a ligand in coordination chemistry and catalysis. It plays a significant role in facilitating various transition metal-catalyzed reactions, such as hydrogenation, hydroformylation, and cross-coupling reactions. Its structure, featuring both phosphorus atoms, allows it to effectively stabilize metal centers and enhance catalytic activity. Additionally, it is employed in the synthesis of fine chemicals and pharmaceuticals, where precise control over reaction pathways is crucial. Its versatility in forming stable complexes with metals makes it valuable in industrial and academic research for developing efficient catalytic systems.