This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, combining ferrocene and diphenylphosphine groups, makes it highly effective in inducing enantioselectivity in various organic transformations.

One key application is in asymmetric hydrogenation reactions, where it helps produce chiral molecules with high enantiomeric excess. This is crucial in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where the specific spatial arrangement of atoms can significantly impact the biological activity of the compound.

Additionally, it is employed in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to create complex organic molecules with precise stereochemistry. Its stability and efficiency in these reactions make it a valuable tool in organic synthesis laboratories.

Overall, this chemical plays a vital role in advancing the field of asymmetric synthesis, enabling the production of enantiomerically pure compounds with significant industrial and academic importance.