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 phosphine groups, makes it highly effective in inducing chirality in products. It is widely applied in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where enantioselectivity is crucial. For example, it is employed in asymmetric hydrogenation, C-C bond formation, and other transformations to produce optically active compounds with high efficiency and selectivity. Its robustness and versatility make it a valuable tool in organic synthesis and industrial processes.