This compound is primarily utilized in the field of asymmetric synthesis, where it serves as a chiral ligand in catalytic reactions. Its ferrocene backbone and oxazolyl group make it particularly effective in facilitating enantioselective transformations, such as hydrogenation and carbon-carbon bond formation. It is often employed in the production of pharmaceuticals and fine chemicals, where high enantiomeric purity is crucial. Additionally, its stability and unique structural properties make it a valuable component in the development of advanced materials and organometallic chemistry research.