This chemical is primarily utilized in advanced materials research, particularly in the development of organic semiconductors. Its unique structure allows it to function as an electron-transport material in organic light-emitting diodes (OLEDs), enhancing device efficiency and stability. Additionally, it is explored for its potential in photovoltaic applications, where it can improve charge carrier mobility in organic solar cells. Its phosphorous-containing framework also makes it a candidate for use in flame retardant formulations, contributing to the safety of polymeric materials. Researchers are further investigating its role in catalysis, particularly in asymmetric synthesis, due to its chiral properties.