This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and phosphine groups, enables it to induce high enantioselectivity in various organic transformations. It is commonly employed in asymmetric hydrogenation reactions, where it helps produce chiral molecules with high optical purity, which are valuable in the synthesis of pharmaceuticals and fine chemicals. Additionally, its stability and effectiveness make it a preferred choice in the development of catalysts for carbon-carbon and carbon-heteroatom bond-forming reactions. Its application extends to the synthesis of complex organic compounds, where precise stereochemical control is essential.