This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in enantioselective synthesis, enabling the production of chiral molecules with high optical purity. Its application is significant in the pharmaceutical industry, where it aids in the synthesis of enantiomerically pure drugs, ensuring higher efficacy and reduced side effects. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, where precise control over stereochemistry is essential. Its unique structure, combining ferrocene and phosphine groups, provides excellent stability and selectivity in catalytic processes, making it a valuable tool in organic synthesis.