This chemical is primarily used as a ligand in coordination chemistry and catalysis. It is particularly effective in transition metal-catalyzed reactions, such as hydrogenation, hydroformylation, and cross-coupling reactions. Its structure, featuring dicyclohexylphosphine groups, provides strong electron-donating properties and steric bulk, which enhance the stability and reactivity of metal complexes. This makes it valuable in industrial processes for producing fine chemicals, pharmaceuticals, and polymers. Additionally, its ability to form stable complexes with metals like palladium, platinum, and rhodium is exploited in asymmetric synthesis, enabling the production of chiral compounds with high enantioselectivity.