This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and bulky phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation, cross-coupling, and other carbon-carbon bond-forming reactions, where it helps produce chiral molecules with high optical purity. This is especially valuable in the pharmaceutical industry for synthesizing enantiomerically pure drugs. Additionally, its stability and steric properties make it suitable for use in challenging catalytic processes under various reaction conditions.