In literature this voice is not used often; there are good reasons why. Having “I” tell the story greatly limits the options a writer has available in any writing. The reader and world already know whose point of view is being presented: I, and to be consistent I must fill in all the action and description. A derivation into description present in a third party tale is noticeable and a flaw.
It may seem that dialogue can be accurately reported by using I. Indeed, some of the sentences may have been previously uttered, but there is not enough paper in the world to record every conversation completely. In all literature conversations reported in dialogue are edited and representative. That selection process picks the jewels coming from the human brain through the mouth rather than a jumbo mix of participles, prepositional phrases and adverbs. Someone writing dialogue I, the first person narration needs to tone down and eliminate as many words as possible: First, the words come from I, a person the reader is familiar with. Second, unless the dialogue drives the story forward, it should be dropped. In a first person narration I is the primary mover of the story. If points in dialogue have not been made, they may have already been implied, or they are not important and possibly conflicting. An author cutting his dialogue – this is my style – HORRORS! It is an impossible task.
Writing a novel is the first person narrative and having flashbacks seems an impossibility. I have tried reading such a novel. The author tried to clarify by dating each chapter of the multi-decade story: Chapter 1, Winter 2008; Chapter 2, Autumn, 1982, etc. Embracing I along with keeping track of incidences in I’s life over the decades is more than a reader should endure: Chapter 3, Winter, 1983; Chapter 4, Spring 1984; Chapter 5, Summer 2008.
The author jumped relying on dates and seasons and dialogue from those times, but I wondered, why bother. The author supposedly wanted to tell a first person narrative about a police investigation of a local heroin distribution ring. It seems a timely subject beset by the awkward telling.
So I put the book down. There are others to read, one by Joseph Conrad.