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, amino acids, and other fine chemicals where high enantiomeric excess is required. Its ferrocene backbone provides structural rigidity and stability, enhancing catalytic performance in transition metal-catalyzed transformations. Commonly employed with rhodium or ruthenium complexes, it enables efficient stereocontrol in pharmaceutical and agrochemical manufacturing processes.