This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its structure, featuring a diphenylphosphine group and an oxazoline ring, makes it highly effective in inducing enantioselectivity. It is commonly employed in asymmetric hydrogenation, where it helps produce chiral molecules with high enantiomeric excess, which are crucial in the synthesis of pharmaceuticals and fine chemicals. Additionally, it finds application in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to achieve stereocontrol in the formation of carbon-carbon bonds. Its robustness and ability to form stable complexes with metals like palladium and rhodium make it a valuable tool in organic synthesis, enabling the production of complex chiral compounds with high precision.