This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation reactions, where it helps produce chiral molecules with high optical purity. Additionally, it finds application in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, where it enhances the efficiency and selectivity of the process. Its steric and electronic properties make it a valuable tool in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise control over stereochemistry is crucial.