This chemical is primarily utilized in the field of asymmetric catalysis, particularly in the synthesis of chiral molecules. Its unique structure, featuring a ferrocene backbone and chiral phosphine ligands, makes it highly effective in enantioselective transformations. It is often employed in hydrogenation reactions, where it facilitates the production of optically active compounds with high selectivity. Additionally, it finds applications in cross-coupling reactions, enabling the formation of carbon-carbon bonds in a stereocontrolled manner. Its robustness and efficiency make it a valuable tool in pharmaceutical and fine chemical industries for the synthesis of complex chiral intermediates.