Used in advanced organic electronics due to its unique extended π-conjugated structure and thermal stability. Its rigid, polycyclic framework makes it suitable as a dopant or emissive material in organic light-emitting diodes (OLEDs), particularly for blue-light emission. The compound’s phosphorus-containing core enhances electron transport properties, improving device efficiency in organic photovoltaics (OPVs) and field-effect transistors (OFETs). It is also investigated in supramolecular chemistry for designing host-guest systems with high binding affinity toward aromatic guests, useful in sensor development. Due to its chirality and stable conformation, it serves as a scaffold in asymmetric catalysis research, especially in reactions requiring precise spatial control.