Used as a chiral catalyst in asymmetric synthesis, particularly in enantioselective carbon-carbon bond-forming reactions. It is effective in promoting high enantioselectivity in transformations such as aldol reactions and allylations. Its rigid oxazole framework and stereogenic center make it valuable in the development of pharmaceutical intermediates where precise stereochemistry is required. Also employed in coordination chemistry with transition metals to form complexes that enhance catalytic efficiency and selectivity.