This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral ligand or catalyst in asymmetric reactions. Its unique structure, featuring a dioxaphosphepin core, makes it effective in facilitating enantioselective transformations, which are crucial for producing optically active compounds. These compounds are often intermediates in the synthesis of pharmaceuticals, agrochemicals, and other fine chemicals where stereochemistry plays a critical role in biological activity. Additionally, its stability and reactivity under various conditions make it a valuable tool in developing novel synthetic methodologies.