This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in enantioselective reactions, particularly in the formation of chiral centers in organic molecules. Its structure, featuring a dihydrooxazole ring and phenyl groups, enhances its ability to induce high stereoselectivity in reactions such as hydrogenation, cyclopropanation, and aldol additions. Additionally, it is employed in the pharmaceutical industry for the synthesis of optically active compounds, contributing to the development of drugs with specific stereochemical requirements. Its stability and efficiency make it a valuable tool in advanced organic chemistry research and industrial applications.