Widely used in asymmetric catalysis, this compound serves as a chiral ligand in enantioselective transformations, particularly in hydrogenation reactions. It enables high enantioselectivity when applied in the synthesis of chiral amines, alcohols, and other fine chemicals important in pharmaceutical manufacturing. Its ferrocene backbone provides structural rigidity and electronic tunability, enhancing catalyst performance and stability. Commonly employed in homogeneous catalysis with rhodium or ruthenium complexes, it supports efficient conversion under mild conditions, making it valuable in academic research and industrial drug synthesis.