This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the preparation of various phosphine-based ligands. These ligands are crucial in catalysis, particularly in asymmetric hydrogenation reactions, which are important for producing enantiomerically pure compounds in the pharmaceutical industry. Additionally, it finds application in the development of flame retardants, where its phosphine oxide moiety contributes to enhancing the fire resistance of materials. Its unique structure also makes it a candidate for use in the synthesis of advanced materials, including polymers and coatings, where it can impart specific properties such as thermal stability and chemical resistance.