This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its unique structure, featuring a cyclobutane core and dihydrooxazole moieties, allows it to effectively coordinate with transition metals, such as rhodium or iridium, to form highly efficient catalysts. These catalysts are employed in various organic transformations, including hydrogenation, cyclopropanation, and carbon-carbon bond-forming reactions, enabling the production of chiral compounds with high optical purity. Its application is especially significant in the pharmaceutical industry, where it aids in the synthesis of enantiomerically pure drugs and intermediates. Additionally, it finds use in academic research for developing new methodologies in asymmetric catalysis.