This compound is primarily utilized as a ligand in various catalytic processes, particularly in transition metal-catalyzed reactions. Its structure, featuring a dicyclohexylphosphino group and an indole moiety, makes it effective in stabilizing metal centers and enhancing catalytic activity. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, where it facilitates the formation of carbon-carbon bonds. Additionally, it finds use in asymmetric synthesis, contributing to the production of chiral molecules in pharmaceutical and fine chemical industries. Its robust performance in harsh reaction conditions further broadens its applicability in industrial and academic research settings.