This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its structure, featuring dihydrooxazole rings, makes it effective in coordinating with transition metals, enhancing the selectivity and efficiency of catalytic processes. Applications include the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where high enantiomeric purity is essential. Its use in asymmetric hydrogenation and cyclopropanation reactions is also notable, contributing to the production of complex chiral molecules with high precision.