This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in enantioselective synthesis. It plays a crucial role in facilitating the formation of chiral centers in organic molecules, which is essential for producing pharmaceuticals, agrochemicals, and fine chemicals with high enantiomeric purity. Its rigid cyclobutane backbone and dihydrooxazole moieties provide excellent stereocontrol, making it effective in reactions such as hydrogenation, cyclopropanation, and C-H activation. Additionally, its application extends to the development of advanced materials and coordination chemistry, where it aids in the creation of metal complexes with specific chiral environments.