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 cyclobutane backbone and chiral dihydrooxazole moieties make it effective in controlling the spatial arrangement of reactants, leading to the formation of specific enantiomers. This is especially valuable in the pharmaceutical industry for synthesizing enantiopure drugs and fine chemicals. Additionally, it finds use in academic research for developing new asymmetric methodologies and studying chiral induction mechanisms.