This chemical is primarily utilized in asymmetric synthesis and catalysis, particularly in the development of chiral ligands for transition metal complexes. Its unique structure, featuring a cyclopropylidene bridge and diphenyloxazole moieties, makes it highly effective in inducing chirality in catalytic reactions. It is often employed in enantioselective transformations, such as hydrogenation, cyclopropanation, and carbon-carbon bond-forming reactions, which are crucial in the synthesis of pharmaceuticals and fine chemicals. Additionally, its rigid framework and stereochemical properties enhance the selectivity and efficiency of catalytic processes, making it a valuable tool in organic synthesis for producing optically active compounds.