Several major challenges still remain in organophosphorus chemistry. Organophosphorus compounds are currently synthesized from phosphorus trichloride (PCl3), even though the final consumer products (such as pesticides, flame-retardants, extractants) do not contain reactive phosphorus-chlorine bonds. In order to bypass phosphorus trichloride, significant interest has been devoted to functionalizing elemental phosphorus (P4, the precursor to PCl3), red phosphorus (Pred), or phosphine (PH3). Yet, phosphinates (ROP(O)H2) are already available on an industrial scale and are the most environmentally benign, but their use as phosphorus trichloride replacements has been completely overlooked until a few years ago. An overview of some of the methodologies developed in my laboratory for P-C and P-O bond-forming reactions through phosphinate chemistry, as well as some selected applications, are presented. Another significant challenge remains the synthesis of P-stereogenic compounds. My group's recent progress in this area is also discussed. Based on menthol as an inexpensive chiral auxiliary, various menthyl phosphinates can be synthesized. These phosphinates are precursor to P-stereogenic phosphines through well-established literature transformations.