Widely used as a chiral ligand in asymmetric catalysis, this compound plays a key role in enantioselective hydrogenation reactions. It is particularly effective in the synthesis of chiral amines and amino acid derivatives, which are important intermediates in pharmaceutical manufacturing. Due to its rigid oxazoline and phosphine groups, it forms stable complexes with transition metals like rhodium and iridium, enhancing catalytic activity and stereoselectivity. Its application extends to the production of biologically active molecules where high enantiomeric purity is required.