This compound is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. Its structure, featuring oxazoline rings, makes it effective in coordinating with metal catalysts, enhancing their performance in producing chiral molecules. It is often employed in asymmetric hydrogenation and carbon-carbon bond-forming reactions, which are essential in the synthesis of pharmaceuticals and fine chemicals. Additionally, its ability to induce high enantiomeric excess makes it valuable in the production of optically active compounds, contributing to advancements in medicinal chemistry and materials science.