Used as a chiral ligand in asymmetric catalysis, particularly in enantioselective organic transformations. Its rigid indene backbone and oxazoline rings provide a well-defined chiral environment, making it effective in metal-catalyzed reactions such as asymmetric hydrogenation and cyclopropanation. Commonly employed with transition metals like copper or nickel to achieve high enantioselectivity in the synthesis of chiral molecules, including pharmaceuticals and fine chemicals. Valued for its stability under reaction conditions and ability to induce high stereochemical control.