This compound is primarily utilized in the field of organic synthesis, particularly as a ligand in transition metal-catalyzed reactions. Its unique structure, featuring a dicyclohexylphosphino group and a methoxyphenyl-substituted indole, makes it highly effective in facilitating cross-coupling reactions, such as Suzuki-Miyaura and Buchwald-Hartwig couplings. These reactions are crucial for constructing complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, its steric and electronic properties enhance the stability and reactivity of the metal-ligand complex, improving the efficiency and selectivity of catalytic processes. It is also explored in asymmetric catalysis for synthesizing chiral compounds, which are vital in the production of enantiomerically pure drugs.