This compound is primarily utilized in the field of organic synthesis as a ligand or catalyst in various chemical reactions. Its unique structure, featuring phosphine oxide and oxaphosphole groups, makes it effective in stabilizing transition metal complexes, which are crucial in catalytic processes such as cross-coupling reactions. These reactions are widely employed in the pharmaceutical and agrochemical industries for the synthesis of complex organic molecules. Additionally, its sterically hindered tert-butyl groups enhance selectivity and efficiency in catalytic applications, making it valuable in asymmetric synthesis for producing chiral compounds. This chemical is also explored in materials science for developing advanced polymers and coatings due to its potential to improve thermal stability and mechanical properties.