This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce chiral molecules with high optical purity. Its rigid cyclohexane backbone and oxazole rings contribute to its effectiveness in inducing stereocontrol, making it valuable in the synthesis of pharmaceuticals and fine chemicals. Additionally, it has been explored in the development of advanced materials, where its structural properties can influence the assembly and functionality of molecular frameworks.