This compound is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, cross-coupling, and allylic substitution reactions. Its robust structure and steric properties enhance the selectivity and efficiency of these processes, making it valuable in the synthesis of pharmaceuticals and fine chemicals. Additionally, its ferrocene backbone contributes to stability and tunability, allowing for precise control over reaction outcomes in complex organic syntheses.