This chemical is primarily used as a chiral ligand in asymmetric catalysis, particularly in transition metal-catalyzed reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, carbon-carbon bond formation, and other stereospecific reactions. Its unique structure, combining ferrocene and phosphine groups, enhances steric and electronic control, leading to high enantiomeric excess in the products. This makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where achieving specific stereochemistry is essential. Additionally, its stability and efficiency in catalytic systems make it a preferred choice in industrial and academic research for developing chiral molecules.