It might be useful if the receiver did not have an ARC capable HDMI input, just the standard ones. The input from HDMI 1 set up as an ARC input would pass through to HDMI2 which would be plugged into a standard HDMI input on the receiver.
I took a look at the instructions for that player. The instructions regarding the ARC connection don't indicate it but I suspect that to use it, a person would select HDMI 1 ARC as the input and the passthrough would be ove the HDMI 2 ARC output to the receiver. In other words, to use the...
Hmm. Okay. Your only real choice is to go from the optical output of the TV to an optical input on the receiver. ARC is not a function that you can use.