This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It is highly effective in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its unique structure, incorporating ferrocene and phosphine groups, enhances steric and electronic properties, making it suitable for creating highly selective catalysts. It is widely applied in the pharmaceutical industry for synthesizing chiral intermediates and active pharmaceutical ingredients (APIs) with high enantiomeric purity. Additionally, it finds use in fine chemical synthesis, enabling the production of complex molecules with precise stereochemistry.