This chemical is primarily utilized in asymmetric synthesis as a chiral ligand or catalyst. Its unique structure, featuring a cyclopropylidene bridge and diphenyloxazole moieties, makes it highly effective in enantioselective reactions, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is often employed in organic synthesis to produce chiral intermediates for pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its rigid framework and stereochemical control contribute to high selectivity and yield in catalytic processes, making it a valuable tool in the development of optically active compounds.