This compound is primarily utilized in the field of organic synthesis as a ligand or catalyst in various chemical reactions. Its unique structure, featuring phosphorus and nitrogen atoms, makes it effective in facilitating asymmetric synthesis, particularly in the formation of chiral molecules. It is often employed in transition metal-catalyzed reactions, such as cross-coupling reactions, where it enhances selectivity and efficiency. Additionally, its sterically hindered design allows it to stabilize reactive intermediates, making it valuable in the development of pharmaceuticals and fine chemicals. Its role in polymerization processes has also been explored, contributing to the production of advanced materials with tailored properties.