This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring a ferrocene backbone and a diphenylphosphino group, makes it highly effective in inducing enantioselectivity in various organic transformations. It is commonly applied in asymmetric hydrogenation reactions, where it helps produce chiral compounds with high enantiomeric excess. Additionally, it is utilized in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, to synthesize complex chiral molecules. Its stability and efficiency in catalytic systems make it a valuable tool in pharmaceutical synthesis and fine chemical production, enabling the creation of enantiomerically pure drugs and intermediates.