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, cross-coupling, and carbon-carbon bond formation. Its unique structure, combining ferrocene and chiral phosphine groups, allows for precise control over stereochemistry, making it valuable in the synthesis of pharmaceuticals and fine chemicals. The compound’s stability and selectivity make it a preferred choice for producing optically active compounds with high enantiomeric purity.