This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, incorporating a ferrocene backbone and chiral phosphine groups, makes it highly effective in inducing enantioselectivity. It is widely applied in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise control over stereochemistry is crucial. For example, it is employed in asymmetric hydrogenation reactions to produce chiral intermediates for drugs. Its robustness and ability to maintain high enantiomeric excess under various conditions make it a valuable tool in organic synthesis. Additionally, it is utilized in academic research to develop new catalytic methodologies and explore stereoselective transformations.