This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in the synthesis of pharmaceuticals and fine chemicals. Its unique structure, featuring ferrocene and phosphine groups, enables it to effectively induce chirality in catalytic reactions, such as hydrogenation, cross-coupling, and allylic substitution. The presence of methoxy and methyl groups on the aromatic rings enhances its steric and electronic properties, making it highly selective in producing enantiomerically pure compounds. This ligand is especially valuable in the production of chiral intermediates for drugs, agrochemicals, and other high-value products where stereochemical control is critical. Its application contributes to more efficient and sustainable chemical processes by reducing waste and improving yield.