In this account, we summarize our recent work on the preparation of optically active H-phosphinates and their stereospecific transformations, including regio-and stereospecific additions, nucleophilic substitutions with organolithiums and Grignard reagents, halogenation with copper(II) chloride, and dehydrogenative couplings with heteroatom-hydrogen bonds. These reactions provide efficient ways for the synthesis of valuable, optically active, P-stereogenic, organophosphorus compounds from relatively easily prepared, enantiomerically pure, menthyl hydrogen phosphinates. The applications of optically active Hphosphinates in catalytic asymmetric hydrogenations are also discussed. 1 Optically Pure Menthyl Hydrogen Phosphinates: Easily Accessible P-Stereogenic Starting Materials 2 Optically Pure Menthyl Hydrogen Phosphinates as Starting Materials for the Synthesis of P-Chiral Compounds 2.1 Stereospecific Additions 2.1.1 Additions to Alkynes 2.1.2 Addition to Alkenes 2.1.3 Addition to p-Quinones 2.1.4 Additions to Ketones or Aldehydes 2.2 Stereospecific Nucleophilic Substitution by Organolithiums or Grignard Reagents 2.3 Stereospecific Halogenation with Copper(II) Chloride 2.4 Stereospecific Cross-Dehydrogenative Coupling with Nucleophiles (Amines, Alcohols, Thiols, etc.) 2.5 Stereospecific Cross-Coupling with C-X Bonds 3 Asymmetric Catalytic Hydrogenation Reactions with Optically Pure Menthyl Hydrogen Phosphinates as Ligands 4 Conclusion