This chemical is primarily utilized in asymmetric catalysis, particularly in enantioselective synthesis, where it serves as a chiral ligand. Its unique spirobiindane structure and oxazole groups enable it to effectively coordinate with metal centers, such as rhodium or iridium, to facilitate highly selective reactions. This makes it valuable in the production of pharmaceuticals, where precise stereochemistry is crucial for drug efficacy and safety. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and fine chemicals, where its ability to induce high enantiomeric excess is highly advantageous. Its application extends to academic research, where it is used to develop new catalytic methodologies and explore chiral induction mechanisms.