This chemical is primarily utilized as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and bulky, electron-withdrawing trifluoromethyl groups, enhances its effectiveness in inducing high enantioselectivity. It is commonly employed in hydrogenation, carbon-carbon bond formation, and other enantioselective transformations, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Its robustness and ability to operate under mild reaction conditions further contribute to its widespread application in organic synthesis.