This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in the synthesis of complex organic molecules. Its unique structure, featuring ferrocene and phosphine groups, makes it highly effective in facilitating enantioselective reactions, such as hydrogenation, cross-coupling, and allylic substitution. The presence of trifluoromethyl groups enhances its electron-withdrawing properties, improving its stability and reactivity in catalytic processes. It is widely applied in the pharmaceutical industry for the production of chiral drugs, where high enantiomeric purity is crucial. Additionally, it finds use in the development of advanced materials and fine chemicals, contributing to innovations in organic synthesis and industrial chemistry.