Biradicals are important intermediates in the process of bond formation and breaking. While main-group-element-centered biradicals have been thoroughly studied, much less is known about tetraradicals, as their very low stability has hampered their isolation and use in small-molecule activation. Herein, we describe the search for persistent phosphorus-centered tetraradicals. Starting from an s-hydrindacenyl skeleton, we investigated the introduction of four phosphorus-based radical sites linked by an N-R unit and bridged by a benzene moiety. By varying the size of the substituent R, we finally succeeded in isolating a persistent P-centered singlet tetraradical, 2,6-diaza-1,3,5,7-tetraphospha-s-hydrindacene-1,3,5,7-tetrayl (1), in good yields. Furthermore, it was demonstrated that tetraradical 1 can be utilized for the activation of small molecules such as molecular hydrogen or alkynes. In addition to the synthesis of P-centered tetraradicals, the comparison with other known tetraradicals as well as biradicals is described on the basis of quantum mechanical calculations with respect to its multireference character, coupling of radical electrons, and aromaticity. The strong coupling of radical electrons enables selective discrimination between the first and the second activations of small molecules, which is shown by the example of H2 addition. The mechanism of hydrogen addition is investigated with parahydrogen-induced hyperpolarization NMR studies and DFT calculations.