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 chiral molecules with high optical purity. Its unique structure, featuring a cyclopropane core and dihydrooxazole rings, allows for effective coordination with metal centers, enhancing the stereochemical control of the reaction. This makes it valuable in the pharmaceutical industry for synthesizing enantiomerically pure drugs and intermediates. Additionally, it can be used in the development of advanced materials and fine chemicals where precise chiral induction is required.