This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, incorporating ferrocene and bulky phosphine groups, makes it highly effective in inducing enantioselectivity. It is commonly employed in hydrogenation, carbon-carbon bond formation, and other stereospecific transformations, enabling the synthesis of chiral intermediates for pharmaceuticals, agrochemicals, and fine chemicals. Its steric and electronic properties enhance catalyst stability and selectivity, making it a valuable tool in organic synthesis.