This compound is widely used as a chiral ligand in asymmetric catalysis, particularly in hydrogenation reactions. It facilitates the production of enantiomerically pure compounds, which are crucial in the pharmaceutical industry for synthesizing active pharmaceutical ingredients (APIs) with high stereoselectivity. Its ferrocene backbone and phosphine groups enhance stability and reactivity, making it effective in transition metal-catalyzed processes. Additionally, it is employed in the synthesis of fine chemicals and agrochemicals, where precise control over stereochemistry is essential. Its unique structure allows for efficient coordination with metals, enabling high catalytic activity and selectivity in various organic transformations.