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 phosphine groups, enables it to effectively induce chirality in products. It is widely employed in enantioselective hydrogenation, carbon-carbon bond formation, and other stereospecific transformations, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Its stability and selectivity contribute to its effectiveness in producing high-purity chiral compounds.