This chemical is primarily utilized as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions where enantioselectivity is crucial. It is often employed in transition metal-catalyzed processes, such as hydrogenation, to produce chiral molecules with high optical purity. Its rigid cyclopentane backbone and dihydrooxazole moieties enhance stereochemical control, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is used in the development of advanced materials and as a building block for complex organic frameworks.