This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. Its unique structure, featuring ferrocene and phosphine groups, allows it to effectively induce chirality in products, making it valuable in the synthesis of enantiomerically pure compounds. It is widely applied in hydrogenation reactions, where it helps produce chiral intermediates for pharmaceuticals, agrochemicals, and fine chemicals. Additionally, its stability and selectivity make it suitable for use in cross-coupling reactions, such as Suzuki-Miyaura and Heck reactions, which are essential in organic synthesis. Its role in asymmetric catalysis contributes to the efficient and sustainable production of complex molecules with high enantiomeric purity.