This chemical is primarily utilized in asymmetric synthesis, particularly as a chiral ligand in transition metal catalysis. It plays a critical role in facilitating enantioselective reactions, which are essential for producing optically active compounds in pharmaceuticals and fine chemicals. Its ferrocene backbone and oxazolidine structure provide excellent stability and stereocontrol, making it a valuable tool in the synthesis of complex molecules with high enantiomeric purity. Additionally, it is employed in the development of catalysts for organic transformations, such as hydrogenation and cross-coupling reactions, where precise chiral induction is required.