This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic processes where enantioselectivity is crucial. It is often employed in transition metal-catalyzed reactions, such as hydrogenation, to produce optically active compounds with high enantiomeric excess. Its structure, featuring oxazoline rings, makes it effective in coordinating with metals like palladium, rhodium, or iridium, enhancing the efficiency and selectivity of the catalytic system. It is also used in the synthesis of pharmaceuticals and fine chemicals, where the control of stereochemistry is essential for achieving the desired biological activity or material properties.