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 optically active compounds with high stereochemical purity. Its rigid cyclopentane backbone and dihydrooxazole moieties enhance its ability to induce chirality in the resulting products, making it valuable in the synthesis of pharmaceuticals, fine chemicals, and agrochemicals. Additionally, it is used in the development of advanced materials and as a catalyst in organic transformations where precise control over molecular configuration is required.