This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst in organic reactions. It is particularly effective in facilitating enantioselective transformations, such as hydrogenation, cyclopropanation, and other stereospecific processes. Its rigid cyclobutane backbone and chiral dihydrooxazole moieties enhance its ability to induce high enantiomeric excess in the formation of chiral products. This makes it valuable in the pharmaceutical industry for the synthesis of enantiomerically pure drugs and intermediates. Additionally, it is employed in academic research to explore novel catalytic methodologies and to study the principles of asymmetric induction in complex organic reactions.