This chemical is primarily utilized 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 the synthesis of complex organic molecules. It is widely employed in the production of pharmaceuticals, where enantioselectivity is crucial for the efficacy and safety of drugs. Additionally, it finds application in the synthesis of fine chemicals and agrochemicals, enabling the creation of highly specific and biologically active compounds. Its stability and selectivity make it a valuable tool in industrial and academic research for developing advanced catalytic processes.