This compound is a chiral bis(indenooxazoline) ligand, characterized by its rigid, fused-ring structure and stereogenic centers. It is primarily used in asymmetric catalysis to facilitate enantioselective organic transformations, such as the Diels-Alder reaction, allylic substitutions, and other carbon-carbon bond-forming processes. Its unique geometry enhances selectivity and efficiency in synthesizing chiral molecules for pharmaceuticals, agrochemicals, and advanced materials. Researchers value its stability under various reaction conditions and its ability to coordinate with metal catalysts like copper or palladium, making it a key intermediate in the development of enantiomerically pure compounds.