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 building blocks in pharmaceuticals. Its rigid oxazoline and phosphine groups provide excellent stereocontrol, making it valuable in industrial and academic research for producing single-enantiomer compounds. The ligand is often employed with rhodium or iridium complexes to achieve high enantioselectivity in transformations of olefins and imines.