This chemical is primarily utilized as a ligand in transition metal catalysis, particularly in asymmetric synthesis. Its unique structure, featuring a diphenylphosphine group and an oxazole ring, makes it effective in forming stable complexes with metals like palladium, rhodium, and iridium. These complexes are employed in enantioselective reactions, such as hydrogenation, cross-coupling, and cyclization processes, which are crucial in the production of pharmaceuticals and fine chemicals. The ligand’s chiral environment enhances the selectivity of these reactions, enabling the synthesis of optically active compounds with high precision. Additionally, it finds use in academic research for developing new catalytic methodologies and exploring reaction mechanisms.