This compound is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. It plays a significant role in facilitating enantioselective reactions, particularly in the production of pharmaceuticals and fine chemicals where high enantiomeric purity is essential. Its ferrocene backbone and oxazolidine structure provide excellent stereocontrol, making it valuable in processes like hydrogenation, cross-coupling, and other transition metal-catalyzed reactions. Additionally, it is employed in the development of advanced materials and as a tool in organic chemistry research to study chiral induction mechanisms.