This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, incorporating ferrocene and phosphine groups, makes it highly effective in inducing enantioselectivity in various organic transformations. One of its key applications is in asymmetric hydrogenation reactions, where it helps produce chiral molecules with high enantiomeric purity, which are crucial in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Additionally, it is employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to create complex organic compounds with precise stereochemistry. Its stability and versatility make it a valuable tool in modern synthetic organic chemistry.