This compound is primarily utilized in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its chiral structure makes it effective as a ligand in enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other organic synthesis processes. The diphenylphosphanyl group enhances its ability to coordinate with metals, while the dihydrooxazole moiety contributes to stereochemical control. It is often employed in the synthesis of pharmaceuticals and fine chemicals, where high enantiomeric purity is crucial. Its stability and selectivity make it a valuable tool in the development of complex molecular architectures.