This chemical is widely used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its effectiveness stems from its ability to induce high enantiomeric excess in the final products, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. The ferrocene backbone and dicyclohexylphosphine groups provide stability and steric control, enhancing the selectivity and efficiency of catalytic processes. Its application is particularly prominent in the production of chiral intermediates for drugs and bioactive molecules.