This chemical is primarily utilized in the field of asymmetric synthesis and catalysis, where it serves as a chiral ligand. Its unique structure, incorporating a ferrocene backbone, makes it highly effective in facilitating enantioselective reactions, particularly in the synthesis of optically active compounds. It is often employed in transition metal-catalyzed processes, such as hydrogenation, cross-coupling, and cyclization reactions, where high stereocontrol is required. Additionally, its application extends to the production of pharmaceuticals and fine chemicals, where precise chiral induction is critical for achieving desired biological activity or material properties.